4//SEC Filing
MCMULLEN TIMOTHY P 4
Accession 0001096906-22-002114
CIK 0001011432other
Filed
Aug 31, 8:00 PM ET
Accepted
Sep 1, 1:49 PM ET
Size
6.3 KB
Accession
0001096906-22-002114
Insider Transaction Report
Form 4
CYNERGISTEK, INCCTEK
MCMULLEN TIMOTHY P
Chief Operating Officer
Transactions
- Disposition to Issuer
Employee stock option (right to buy)
2022-09-01−150,000→ 0 totalExercise: $1.74Exp: 2031-10-21→ Common Stock (150,000 underlying)
Footnotes (1)
- [F1]The option, which provided for vesting in three equal annual installments beginning October 22, 2022, was canceled at the effective time of the Merger (defined below) for no consideration pursuant to the terms of the greement and Plan of Merger, dated as of May 23, 2022 (the "Merger Agreement") by and among the Issuer, Clearwater Compliance LLC, a Tennessee limited liability company (the "Parent"), and Clearwater Compliance Acquisition Company I, a Delaware corporation and a wholly owned subsidiary of the Parent (the "Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly-owned subsidiary of Parent, because its exercise price exceeded the per share merger consideration of $1.25 per share.
Documents
Issuer
CYNERGISTEK, INC
CIK 0001011432
Entity typeother
Related Parties
1- filerCIK 0001890237
Filing Metadata
- Form type
- 4
- Filed
- Aug 31, 8:00 PM ET
- Accepted
- Sep 1, 1:49 PM ET
- Size
- 6.3 KB