4//SEC Filing
Gipson Derek 4
Accession 0000950103-22-004250
CIK 0001529463other
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 8:21 PM ET
Size
7.7 KB
Accession
0000950103-22-004250
Insider Transaction Report
Form 4
Gipson Derek
Director
Transactions
- Disposition to Issuer
Common Stock
2022-03-04−4,782→ 3,019 total - Disposition to Issuer
Common Stock
2022-03-04−3,019→ 0 total
Footnotes (2)
- [F1]Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated as of October 21, 2021, among FTS International, Inc. (the "Company"), Profrac Holdings, LLC ("Profrac") and Profrac Acquisitions, Inc. ("Merger Sub"), as amended by Amendment No.1 to Agreement and Plan of Merger, dated March 1, 2022, referred to as the Merger Agreement. In accordance with the Merger Agreement, Merger Sub merged with and into the Company (the "Merger"), with the Company surviving the Merger as a majority owned subsidiary of Profrac.
- [F2]At the effective time of the Merger, each outstanding share of the Company's common stock was converted into the right to receive $26.52 in cash (the "per-share merger consideration"). In addition, all outstanding options and restricted stock units were canceled at the effective time of the Merger in exchange for a cash payment equal to the per-share merger consideration (less the exercise price in the case of options), payable without interest and less any required withholding taxes. The Merger is more fully described in the Company's Proxy Statement filed with the SEC on January 24, 2022.
Documents
Issuer
FTS International, Inc.
CIK 0001529463
Entity typeother
Related Parties
1- filerCIK 0001833333
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 8:21 PM ET
- Size
- 7.7 KB