4//SEC Filing
Independence Health Group, Inc. 4
Accession 0000950159-20-000091
CIK 0001309442other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 6:48 PM ET
Size
10.2 KB
Accession
0000950159-20-000091
Insider Transaction Report
Form 4
InsPro Technologies CorpITCC.OB
AmeriHealth, Inc.
10% Owner
Transactions
- Disposition to Issuer
Series B Convertible Preferred Stock
2020-04-01−2,500,000→ 0 total(indirect: See footnote)→ Common (50,000,000 underlying)
Independence Health Group, Inc.
10% Owner
Transactions
- Disposition to Issuer
Series B Convertible Preferred Stock
2020-04-01−2,500,000→ 0 total(indirect: See footnote)→ Common (50,000,000 underlying)
Independence Blue Cross, LLC
10% Owner
Transactions
- Disposition to Issuer
Series B Convertible Preferred Stock
2020-04-01−2,500,000→ 0 total(indirect: See footnote)→ Common (50,000,000 underlying)
Footnotes (3)
- [F1]There is no expiration date for the conversion of the Series B Convertible Preferred Stock, and no exercise price to be paid in connection therewith.
- [F2]Disposition pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 30, 2020, by and among InsPro Technologies Corporation (the "Issuer"), with Majesco, a California corporation ("Parent"), and Majesco Merger Sub, Inc., a Delaware corporation ("Merger Sub"), whereby each share of Series B Convertible Preferred Stock, par value $0.001, of the Issuer was converted on the effective date of the merger (April 1, 2020) into the right to receive $0.9747 in cash.
- [F3]The reported securities are owned directly by Independence Blue Cross, LLC, which is a wholly owned subsidiary of AmeriHealth, Inc., which in turn is a wholly owned subsidiary of Independence Health Group, Inc. AmeriHealth, Inc. and Independence Health Group, Inc. are indirect beneficial owners of the reported securities.
Documents
Issuer
InsPro Technologies Corp
CIK 0001309442
Entity typeother
IncorporatedPA
Related Parties
1- filerCIK 0001613202
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 6:48 PM ET
- Size
- 10.2 KB