4//SEC Filing
Chamberlain Robert J 4
Accession 0001062993-23-022206
CIK 0001054721other
Filed
Dec 7, 7:00 PM ET
Accepted
Dec 8, 4:17 PM ET
Size
9.5 KB
Accession
0001062993-23-022206
Insider Transaction Report
Form 4
BSQUARE CORP /WABSQR
Chamberlain Robert J
Director
Transactions
- Disposition to Issuer
Common Stock
2023-12-08−11,538→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2023-12-08−25,000→ 0 totalExercise: $5.77Exp: 2025-08-24→ Common Stock (25,000 underlying) - Disposition to Issuer
Common Stock
2023-12-08−145,377→ 11,538 total
Footnotes (4)
- [F1]In connection with that certain Agreement and Plan of Merger by and among Bsquare Corporation (the "Company"), Kontron America, Incorporated, and Kontron MergerSub, Inc., dated as of October 11, 2023 (the "Merger Agreement") and the related tender offer, the Reporting Person became entitled to receive, in respect of each share of the Company's Common Stock, an amount in cash equal to $1.90 (the "Offer Price").
- [F2]The Merger Agreement provides that, subject to any required withholding taxes, at the Effective Time (as defined in the Merger Agreement), each time-based restricted stock unit with respect to Shares (each a "Company RSU") that is then outstanding and vested will be cancelled and the holder of such Company RSU will be entitled to receive a cash payment equal to the product of (i) the Offer Price and (ii) the number of Shares subject to such Company RSU.
- [F3]The Merger Agreement provides that at the Effective Time, each then outstanding and unvested Company RSU shall be cancelled without payment of consideration, and all rights with respect to such unvested Company RSU shall terminate as of the Effective Time.
- [F4]At the Effective Time, each Stock Option that is then outstanding and unexercised, whether or not vested and which has a per share exercise price that is more than the Offer Price (each, an "Out of the Money Option"), shall be cancelled without payment of consideration, and all rights with respect to such Out of the Money Option shall terminate as of the Effective Time.
Issuer
BSQUARE CORP /WA
CIK 0001054721
Entity typeother
Related Parties
1- filerCIK 0001320684
Filing Metadata
- Form type
- 4
- Filed
- Dec 7, 7:00 PM ET
- Accepted
- Dec 8, 4:17 PM ET
- Size
- 9.5 KB