Geeknet, Inc 4
4 · Geeknet, Inc · Filed Jul 17, 2015
Insider Transaction Report
Form 4
Geeknet, IncGKNT
SEMLER ERIC
Director
Transactions
- Exercise/Conversion
Common Stock
2015-07-17+8,601→ 665,232 total - Disposition to Issuer
Common Stock
2015-07-17−665,232→ 0 total - Exercise/Conversion
Restricted Stock Units
2015-07-17−8,601→ 0 totalFrom: 2015-05-06→ Common Stock (8,601 underlying)
Footnotes (4)
- [F1]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").
- [F2]Merger Consideration.
- [F3]Each Restricted Stock Unit represents a right to receive one share of Issuer's common stock.
- [F4]Restricted Stock Units granted pursuant to Issuer's 2007 Equity Incentive Plan. Mr. Semler had elected to defer this compensation until he ceased serving on the Company's Board of Directors. Upon consummation of the Merger on July 17, 2015, the Company's Board of Directors was dissolved.