4//SEC Filing
Hinkle John 4
Accession 0001104659-18-035444
CIK 0001665658other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 4:12 PM ET
Size
17.5 KB
Accession
0001104659-18-035444
Insider Transaction Report
Form 4
CommerceHub, Inc.CHUBA
Hinkle John
CIO/CISO & EVP Technical Ops
Transactions
- Disposition to Issuer
Series C Common Stock
2018-05-21−51,949→ 0 total - Disposition to Issuer
Stock Option (right to buy) - CHUBK
2018-05-21−43,645→ 0 totalExercise: $16.30Exp: 2027-03-15→ Series C common stock (43,645 underlying) - Disposition to Issuer
Stock Option (right to buy) - CHUBK
2018-05-21−17,156→ 0 totalExercise: $14.33Exp: 2026-11-09→ Series C common stock (17,156 underlying) - Disposition to Issuer
Stock Option (right to buy) - CHUBK
2018-05-21−4,400→ 0 totalExercise: $17.34Exp: 2027-05-25→ Series C common stock (4,400 underlying) - Disposition to Issuer
Stock Option (right to buy) - CHUBK
2018-05-21−63,203→ 0 totalExercise: $16.34Exp: 2026-07-20→ Series C common stock (63,203 underlying) - Disposition to Issuer
Stock Option (right to buy) - CHUBK
2018-05-21−39,270→ 0 totalExercise: $6.25Exp: 2023-10-07→ Series C common stock (39,270 underlying)
Footnotes (8)
- [F1]Includes restricted stock units ("RSUs") that were granted in March 2017, May 2017 and March 2018 with respect to the Issuer's Series C common stock. The RSUs were scheduled to vest in four equal annual installments beginning on the first anniversary of the respective grant dates.
- [F2]Pursuant to the Agreement and Plan of Merger, dated as of March 5, 2018 (the "Merger Agreement"), by and among the Issuer, Great Dane Parent, LLC ("Great Dane Parent"), and Great Dane Merger Sub, Inc. ("Merger Sub"), a direct, wholly owned subsidiary of Great Dane Parent, on May 21, 2018, Merger Sub was merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Great Dane Parent (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each share of the Issuer's common stock and each of the reporting person's RSUs was converted into the right to receive $22.75 in cash.
- [F3]25% of the options were vested at the time of the Merger. The remainder of this stock option award was scheduled to vest in three equal installments on each of March 15, 2019, March 15, 2020 and March 15, 2021.
- [F4]These stock options were canceled in the Merger in exchange for a cash payment based on the number of stock options canceled multiplied by the difference between the exercise price of the option and $22.75.
- [F5]25% of the options were vested at the time of the Merger. The remainder of this stock option award was scheduled to vest in three equal installments on each of November 9, 2018, November 9, 2019 and November 9, 2020.
- [F6]This stock option award was scheduled to vest in four equal annual installments beginning on May 25, 2018.
- [F7]22.22% of the options were vested at the time of the Merger. 44.44% of the remainder of this stock option award was scheduled to vest in equal installments on each of July 20, 2018 and July 20, 2019, and the final 33.34% of this stock option award was scheduled to vest on January 20, 2021.
- [F8]These stock options were fully vested at the time of the Merger.
Documents
Issuer
CommerceHub, Inc.
CIK 0001665658
Entity typeother
Related Parties
1- filerCIK 0001680844
Filing Metadata
- Form type
- 4
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 4:12 PM ET
- Size
- 17.5 KB