Sizmek Inc. 4
4 · Sizmek Inc. · Filed Sep 28, 2016
Insider Transaction Report
Form 4
Sizmek Inc.SZMK
Gutierrez Xavier A
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2016-09-27$3.90/sh−46,052$179,603→ 0 total→ Common Stock (46,052 underlying)
Footnotes (2)
- [F1]The RSUs were granted to the Reporting Person pursuant to the Issuer's 2014 Incentive Award Plan. Each RSU represented a contingent right to receive one share of the issuer's common stock.
- [F2]Pursuant to the Agreement and Plan of Merger, dated August 3, 2016 among the Issuer, Solomon Holding, LLC and Solomon Merger Subsidiary, Inc., each RSU that was outstanding as of the effective time of the merger (i) automatically vested in full and the restrictions thereon lapsed, and (ii) by virtue of the merger and without any action on the part of the Reporting Person, was cancelled immediately prior to the effective time of the merger and converted into the right to receive an amount in cash equal to the product obtained by multiplying (a) the aggregate number of shares subject to such RSU and (b) $3.90 per share.