Henry Charles Bradford 4
4 · NIC INC · Filed Apr 22, 2021
Insider Transaction Report
Form 4
NIC INCEGOV
Henry Charles Bradford
Director
Transactions
- Disposition to Issuer
Common Stock
2021-04-21$34.00/sh−42,847$1,456,798→ 0 total - Disposition to Issuer
Common Stock (Restricted Stock)
2021-04-21$34.00/sh−4,182$142,188→ 0 total
Footnotes (2)
- [F1]Pursuant to an Agreement and Plan of Merger, dated as of February 9, 2021 (the "Merger Agreement"), by and among NIC Inc., a Delaware corporation ( "Issuer"), Tyler Technologies, Inc., a Delaware corporation ("Parent") and Topos Acquisition, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into Issuer, with Issuer continuing as the surviving corporation in the merger as a wholly-owned subsidiary of Parent. Pursuant to the Merger Agreement, at the effective time of the merger, these shares of Issuer common stock were cancelled and converted into the right to receive $34.00 in cash per share (the "Merger Consideration").
- [F2]Pursuant to the Merger Agreement, immediately prior to the effective time of the merger, each outstanding Issuer restricted stock award held by the Reporting Person became fully vested and at the effective time of the merger was converted into the right to receive the Merger Consideration.