Buckner Jennifer 4
4 · US XPRESS ENTERPRISES INC · Filed Jul 5, 2023
Insider Transaction Report
Form 4
Buckner Jennifer
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2023-07-01$6.15/sh−35,780$220,047→ 0 total - Exercise/Conversion
Class A Common Stock
2023-06-15+16,667→ 35,780 total - Exercise/Conversion
Restricted Stock Units
2023-06-15−16,667→ 0 total→ Class A Common Stock (16,667 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represented a right to receive Class A common stock on a one-for-one basis.
- [F2]On July 1, 2023, pursuant to the Agreement and Plan of Merger, dated March 20, 2023 (the "Merger Agreement"), by and among the issuer, Knight-Swift Transportation Holdings, Inc. ("Parent"), and Liberty Merger Sub Inc.("Merger Subsidiary"), Merger Subsidiary merged with and into the issuer (the "Merger"), with the issuer surviving the Merger as an indirect wholly-owned subsidiary of Parent. Pursuant to the Merger Agreement, at the effective time of the Merger, the shares of Class A common stock were cancelled and converted into the right to receive $6.15 in cash.
- [F3]The RSUs were granted on May 25, 2022 and vested June 15, 2023.