Lev Bruce L 4
4 · INTERSECTIONS INC · Filed Jan 15, 2019
Insider Transaction Report
Form 4
Lev Bruce L
Director
Transactions
- Disposition to Issuer
Restricted Stock Unit
2019-01-11−1,250→ 0 total→ Common Stock (1,250 underlying) - Disposition to Issuer
Restricted Stock Unit
2019-01-11−7,500→ 0 total→ Common Stock (7,500 underlying) - Disposition to Issuer
Restricted Stock Unit
2019-01-11−20,000→ 0 total→ Common Stock (20,000 underlying) - Disposition to Issuer
Restricted Stock Unit
2019-01-11−2,500→ 0 total→ Common Stock (2,500 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock or, at the Issuer's option, cash or a combination of the two.
- [F2]Reflects disposition on January 11, 2019, pursuant to the terms of the Agreement and Plan of Merger, by and among WC SACD One Parent, Inc., a Delaware corporation ("Parent"), WC SACD One Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent and the Issuer dated as of October 31, 2018 (as amended, the "Merger Agreement"). In accordance with the terms of the Merger Agreement, each restricted stock unit (including restricted stock units that became fully vested pursuant to the Merger Agreement) was cancelled and converted automatically into the right to receive $3.68 in cash.