4//SEC Filing
Wentworth Lynn A 4
Accession 0000950157-21-000999
CIK 0000716133other
Filed
Sep 8, 8:00 PM ET
Accepted
Sep 9, 8:40 PM ET
Size
9.6 KB
Accession
0000950157-21-000999
Insider Transaction Report
Form 4
Wentworth Lynn A
Director
Transactions
- Disposition to Issuer
Common Stock
2021-09-07$15.50/sh−56,876$881,578→ 0 total - Disposition to Issuer
Common Stock
2021-09-07$15.50/sh−9,673$149,932→ 0 total - Disposition to Issuer
Phantom Shares
2021-09-07−3,600→ 0 total→ Common Stock (3,600 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of March 13, 2020 (the "Merger Agreement"), by and among Cincinnati Bell Inc., an Ohio corporation (the "Company"), Red Fiber Parent LLC, a Delaware limited liability company, and RF Merger Sub Inc., an Ohio corporation and directly wholly owned subsidiary of Parent ("Merger Sub"), at the effective time of the merger of Merger Sub with and into the Company (the "Merger"), each share of common stock, par value $0.01 per share, of the Company ("Company Common Shares") was converted into the right to receive $15.50 in cash, without interest (the "Merger Consideration").
- [F2]Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding restricted stock unit with respect to Company Common Shares ("Company RSU") became fully vested and was canceled and converted into the right to receive a lump-sum amount in cash, without interest, equal to the product of (a) the Merger Consideration and (b) the number of Company Common Shares subject to such Company RSU.
- [F3]Each phantom share with respect to Company Common Shares ("Company Phantom Share") represented the right to receive the cash value thereof.
- [F4]Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Company Phantom Share was canceled and converted into the right to receive a lump-sum amount in cash, without interest, equal to the product of (a) the Merger Consideration and (B) the number of Company Common Shares underlying such Company Phantom Share.
Documents
Issuer
CINCINNATI BELL INC
CIK 0000716133
Entity typeother
Related Parties
1- filerCIK 0001386671
Filing Metadata
- Form type
- 4
- Filed
- Sep 8, 8:00 PM ET
- Accepted
- Sep 9, 8:40 PM ET
- Size
- 9.6 KB