Wergeles Adam F. 4
4 · LEAF GROUP LTD. · Filed Jun 16, 2021
Insider Transaction Report
Form 4
LEAF GROUP LTD.LEAF
Wergeles Adam F.
EVP, Gen Counsel & Secretary
Transactions
- Disposition to Issuer
Common Stock
2021-06-14−159,627→ 0 total
Footnotes (2)
- [F1]This Form 4 reports securities disposed of pursuant to the terms of that certain Agreement and Plan of Merger, dated as of April 3, 2021, by and among Graham Holdings Company ("Parent"), Pacifica Merger Sub, Inc. ("Merger Sub") and the Issuer, pursuant to which Merger Sub merged with and into the Issuer (the "Merger") with the Issuer surviving as a wholly owned subsidiary of Parent effective as of June 14, 2021. At the effective time of the Merger, (a) each issued and outstanding share of common stock of the Issuer, (b) each unvested restricted stock award of the Issuer ("Unvested Company RSU Award") and (c) each vested restricted stock award of the Issuer ("Vested Company RSU Award" and together with the Unvested Company RSU Awards, collectively, the "RSUs") held by the reporting person was cancelled and converted into the right to receive $8.50 in cash, net of applicable withholding taxes and without interest.
- [F2]Includes 102,918 unvested RSUs.