4//SEC Filing
Brause Kenneth A 4
Accession 0000899243-20-028453
CIK 0001420811other
Filed
Oct 14, 8:00 PM ET
Accepted
Oct 15, 8:40 PM ET
Size
13.3 KB
Accession
0000899243-20-028453
Insider Transaction Report
Form 4
Brause Kenneth A
Director
Transactions
- Disposition to Issuer
Common Stock
2020-10-13−257,510→ 0 total - Tax Payment
Common Stock
2020-10-13$1.83/sh−17,507$32,038→ 250,737 total - Award
Common Stock
2020-10-13+6,773→ 257,510 total - Disposition to Issuer
Stock Option (right to buy)
2020-10-13−243,903→ 0 totalExercise: $5.54Exp: 2028-04-15→ Common Stock (243,903 underlying) - Award
Common Stock
2020-10-13+45,814→ 268,244 total
Footnotes (5)
- [F1]On October 13, 2020, Enova International, Inc. ("Enova") completed its acquisition (the "Merger") of On Deck Capital, Inc. ("On Deck"). The shares acquired were performance share units ("PSUs") granted in 2020 ("2020 PSUs") that vested upon completion of the Merger.
- [F2]The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of the 2020 PSUs. No shares were sold.
- [F3]The shares acquired were PSUs granted in 2019 ("2019 PSUs") that vested upon completion of the Merger.
- [F4]On October 13, 2020, Enova International, Inc. ("Enova") completed its acquisition (the "Merger") of On Deck Capital, Inc. ("On Deck"). The reported shares of common stock include (i) 176,811 restricted stock units and 6,773 2019 PSUs which, upon completion of the Merger, were assumed by Enova and converted automatically into a time-vesting restricted stock unit award that, subject to vesting, will be settled for a number of shares of Enova common stock calculated in accordance with the Merger agreement, (ii) 45,814 2020 PSUs which, upon completion of the Merger, vested and were settled for a number of shares of Enova common stock calculated in accordance with the Merger agreement, and (iii) 45,619 shares of common stock which were disposed of in the Merger in exchange for per share consideration of $0.12 in cash and 0.092 share of Enova common stock.
- [F5]These out-of-the-money options were forfeited and cancelled automatically without any consideration.
Documents
Issuer
On Deck Capital, Inc.
CIK 0001420811
Entity typeother
Related Parties
1- filerCIK 0001733967
Filing Metadata
- Form type
- 4
- Filed
- Oct 14, 8:00 PM ET
- Accepted
- Oct 15, 8:40 PM ET
- Size
- 13.3 KB