4//SEC Filing
Rickel John C 4
Accession 0001008886-23-000181
CIK 0000923571other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 6:49 PM ET
Size
11.0 KB
Accession
0001008886-23-000181
Insider Transaction Report
Form 4
Rickel John C
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2023-06-15+16,667→ 132,634 total - Disposition to Issuer
Class A Common Stock
2023-07-01$6.15/sh−132,634$815,699→ 0 total - Disposition to Issuer
Restricted Stock Units
2023-07-01−5,263→ 0 total→ Class A Common Stock (5,263 underlying) - Exercise/Conversion
Restricted Stock Units
2023-06-15−16,667→ 0 total→ Class A Common Stock (16,667 underlying)
Footnotes (4)
- [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 (the "Merger Consideration").
- [F3]The RSUs were granted on May 25, 2022 and vested June 15, 2023.
- [F4]The RSUs were granted on December 15, 2022 and scheduled to vest December 15, 2023, subject to certain vesting and forfeiture provisions. Pursuant to the Merger Agreement, at the effective time of the Merger, the RSUs were cancelled and converted into the right to receive the Merger Consideration.
Documents
Issuer
US XPRESS ENTERPRISES INC
CIK 0000923571
Entity typeother
Related Parties
1- filerCIK 0001347385
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 6:49 PM ET
- Size
- 11.0 KB