4//SEC Filing
Redling Joseph M 4
Accession 0000899243-22-035148
CIK 0001753886other
Filed
Nov 3, 8:00 PM ET
Accepted
Nov 4, 12:57 PM ET
Size
15.4 KB
Accession
0000899243-22-035148
Insider Transaction Report
Form 4
Stonemor Inc.STON
Redling Joseph M
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2022-11-03−156,250→ 0 totalExercise: $1.71Exp: 2030-12-03→ Common Stock (156,250 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2022-11-03$2.30/sh−1,250,000$2,875,000→ 0 totalExercise: $1.20Exp: 2029-12-18→ Common Stock (1,250,000 underlying) - Disposition to Issuer
Common Stock
2022-11-03$3.50/sh−1,639,525$5,738,338→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2022-11-03$1.79/sh−156,250$279,688→ 0 totalExercise: $1.71Exp: 2030-12-03→ Common Stock (156,250 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2022-11-03−1,250,000→ 0 totalExercise: $1.20Exp: 2029-12-18→ Common Stock (1,250,000 underlying)
Footnotes (4)
- [F1]This option, which provided for vesting in equal annual installments over a three-year period, commencing on the first anniversary following the date of grant which was December 3, 2020, was cancelled in the merger contemplated by an Agreement and Plan of Merger among Axar Cemetery Parent Corp. ("Axar"), StoneMor Inc. and Axar Cemetery Merger Corp. in exchange for a cash payment of $279,687.50, representing the difference between the exercise price of the option and the cash merger consideration per share.
- [F2]This option, which provided for vesting in equal annual installments over a three-year period, commencing on the first anniversary following the date of grant which was December 3, 2020, was assumed by Axar in the merger and replaced with a fully vested option to purchase 156,250 shares of Axar common stock for $1.71 per share.
- [F3]This option, which provided for vesting in equal annual installments over a three-year period, commencing on the first anniversary following the date of grant which was December 18, 2019, was cancelled in the merger in exchange for a cash payment of $2,875,000, representing the difference between the exercise price of the option and the cash merger consideration per share.
- [F4]This option, which provided for vesting in equal annual installments over a three-year period, commencing on the first anniversary following the date of grant which was December 18, 2019, was assumed by Axar in the merger and replaced with a fully vested option to purchase 1,250,000 shares of Axar common stock for $1.20 per share.
Documents
Issuer
Stonemor Inc.
CIK 0001753886
Entity typeother
Related Parties
1- filerCIK 0001312123
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 8:00 PM ET
- Accepted
- Nov 4, 12:57 PM ET
- Size
- 15.4 KB