Wipro LLC 4
4 · HARTE HANKS INC · Filed Dec 9, 2022
Insider Transaction Report
Form 4
Wipro LLC
10% Owner
Transactions
- Other
Common Stock
2022-12-02+100,000→ 100,000 total - Other
Series A Convertible Preferred Stock
2022-12-02−9,926→ 0 total→ Common Stock (1,001,658 underlying)
Footnotes (3)
- [F1]Pursuant to a Stock Repurchase Agreement, dated June 30, 2022, between the Issuer and Wipro LLC, the Issuer repurchased 9,926 shares of the Issuer's Series A Convertible Preferred Stock (the "Series A Shares") from Wipro LLC (the "Repurchase Transaction") for consideration consisting of (i) $9,926,000 in cash and (ii) 100,000 shares of the Issuer's Common Stock.
- [F2]This report on Form 4 is jointly filed by Wipro LLC and Wipro Limited. Wipro LLC is a wholly-owned subsidiary of Wipro Limited. Wipro LLC directly owns the shares of Common Stock reported herein and, prior to the Repurchase Transaction, directly owned the shares of Series A Convertible Preferred Stock reported herein. Wipro Limited may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of all of the shares owned by Wipro LLC.
- [F3]The Series A Shares converted into shares of Common Stock at the rate of approximately one Series A Share for 100.9126 shares of Common Stock. The conversion ratio reflects an adjustment of the Issuer's 1-for-10 reverse stock split effective January 31, 2018. The actual number of shares of Common Stock may differ by approximately 50 shares.