FINLEY TERRANCE G 4
4 · HIBBETT INC · Filed Jul 25, 2024
Insider Transaction Report
Form 4
HIBBETT INCHIBB
FINLEY TERRANCE G
Director
Transactions
- Disposition to Issuer
Stock Options (Right to Buy)
2024-07-25$87.50/sh−7,212$631,050→ 0 totalExercise: $46.22From: 2022-03-30Exp: 2032-03-30→ Common Stock (7,212 underlying) - Disposition to Issuer
Common Stock
2024-07-25$87.50/sh−3,226$282,275→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2024-07-25$87.50/sh−8,641$756,088→ 0 totalExercise: $35.07From: 2016-03-15Exp: 2026-03-15→ Common Stock (8,641 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2024-07-25$87.50/sh−4,384$383,600→ 0 totalExercise: $76.04From: 2021-03-22Exp: 2031-03-22→ Common Stock (4,384 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2024-07-25$87.50/sh−4,094$358,225→ 0 totalExercise: $58.38From: 2023-03-31Exp: 2033-03-31→ Common Stock (4,094 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2024-07-25$87.50/sh−6,003$525,263→ 0 totalExercise: $50.48From: 2015-03-17Exp: 2025-03-17→ Common Stock (6,003 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2024-07-25$87.50/sh−10,186$891,275→ 0 totalExercise: $29.75From: 2017-03-14Exp: 2027-03-14→ Common Stock (10,186 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of April 23, 2024 (the Merger Agreement), by and among Hibbett, Inc., a Delaware corporation (the Company), Genesis Holdings, Inc., an Indiana corporation (Parent), Steps Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent (Merger Sub) and, solely for purposes of certain provisions specified therein, JD Sports Fashion plc, a company incorporated under the laws of England and Wales and the ultimate parent company of Parent and Merger Sub, each share of common stock, par value $0.01 per share, of the Company (Company Common Stock) was converted into the right to receive $87.50 in cash, without interest.
- [F2]In accordance with the terms of the Merger Agreement, each option to purchase shares of Company Common Stock that is outstanding as of immediately prior to the effective time of the merger, whether vested or unvested, was cancelled by virtue of the merger without any action on the part of the holder thereof and entitled the holder to receive with respect thereto an amount in cash, without interest and subject to applicable withholding taxes, equal to the product of (1) the number of shares of Company Common Stock subject to such option as of immediately prior to the effective time of the merger, and (2) the excess, if any, of per share merger consideration of $87.50 over the exercise price per share of Company Common Stock subject to such option as of immediately prior to the effective time of the merger.