TRC COMPANIES INC /DE/ 4
4 · TRC COMPANIES INC /DE/ · Filed Jun 23, 2017
Insider Transaction Report
Form 4
Hildebrandt Stephanie C
Director
Transactions
- Disposition to Issuer
Common Stock
2017-06-21$17.55/sh−24,828$435,731→ 0 total
Footnotes (2)
- [F1]Represents 20,014 deferred stock awards held under the TRC Companies, Inc. (the "Company") Directors' Deferred Compensation Plan and 4,814 unvested restricted stock units ("RSUs") held prior to the June 21, 2017 effective time (the "Effective Time") of the Company's merger with Bolt Infrastructure Merger Sub, Inc., pursuant to which the Company became a wholly owned subsidiary of Bolt Infrastructure Parent, Inc.
- [F2]The shares underlying the deferred stock awards were issued as shares of the Company's common stock prior to the Effective Time. At the Effective Time, each share of the Company's common stock was cancelled and converted into the right to receive cash in an amount per share (subject to any applicable withholding tax) equal to $17.55, without interest (the "Merger Consideration"). The unvested RSUs vested immediately prior to the Effective Time and at the Effective Time were cancelled and converted into the right to receive an amount in cash equal to the product of (i) the total number of RSUs and (ii) the Merger Consideration.