4//SEC Filing
LEE MICHAEL H 4
Accession 0001050502-06-000358
CIK 0000933738other
Filed
Aug 28, 8:00 PM ET
Accepted
Aug 29, 4:59 PM ET
Size
6.0 KB
Accession
0001050502-06-000358
Insider Transaction Report
Form 4
LEE MICHAEL H
Pres. & COO, WRC Corp.
Transactions
- Award
Common Stock
2006-06-01+175,000→ 175,000 total
Footnotes (1)
- [F1]On May 25, 2006, the issuer acquired all of the outstanding capital stock of WRC Corporation pursuant to a Stock Purchase Agreement by and between the issuer and the reporting person. Under the terms of the Stock Purchase Agreement, the consideration paid for the capital stock of WRC Corporation consisted of 175,000 shares of issuer common stock, cash and promissory notes paid or payable to the reporting person, and the payment of certain debt obligations of WRC Corporation. The Stock Purchase Agreement placed a value on the issuer's common stock of $8.00 per share. The 175,000 shares of common stock are currently being held in escrow and are subject to forfeiture during the two-year period following the stock purchase to satisfy claims arising as a result of the reporting person's breach of any of its representations and warranties or covenants in the Stock Purchase Agreement.
Documents
Issuer
ENGLOBAL CORP
CIK 0000933738
Entity typeother
Related Parties
1- filerCIK 0001364756
Filing Metadata
- Form type
- 4
- Filed
- Aug 28, 8:00 PM ET
- Accepted
- Aug 29, 4:59 PM ET
- Size
- 6.0 KB