Geeknet, Inc 4
4 · Geeknet, Inc · Filed Jul 17, 2015
Insider Transaction Report
Form 4
Geeknet, IncGKNT
Riddick Frank A III
Director
Transactions
- Disposition to Issuer
Common Stock
2015-07-17−32,632→ 0 total - Exercise/Conversion
Common Stock
2015-07-17$14.00/sh+7,000$98,000→ 32,632 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2015-07-17$14.00/sh−7,000$98,000→ 0 totalExercise: $14.00From: 2010-08-20Exp: 2020-08-20→ Common Stock (7,000 underlying)
Footnotes (3)
- [F1]Outstanding stock options were cancelled upon the consummation of the Merger on July 17, 2015, and, in exchange, each holder thereof received an amount in cash equal to the product of the Merger Consideration minus the exercise price per share of such option ($20 - $14), multiplied by the number of shares of common stock issuable upon the exercise of such option (7,000) as of immediately prior to the consummation of the Merger.
- [F2]Disposition pursuant to the merger (the "Merger") of Gadget Acquisition, Inc. into Geeknet, Inc. pursuant to the Agreement and Plan of Merger, dated as of June 1, 2015, by and among Geeknet, Inc., GameStop Corp. and Gadget Acquisition Inc., with the Merger being a transaction exempt under Rule 16b-3. In the Merger, each share of Geeknet, Inc. common stock was converted into the right to receive $20.00 in cash (the "Merger Consideration").
- [F3]Merger Consideration.