Menzel David B 4
4 · Echo Global Logistics, Inc. · Filed Nov 23, 2021
Insider Transaction Report
Form 4
Menzel David B
DirectorChief Financial Officer
Transactions
- Disposition to Issuer
Restricted Stock Unit
2021-11-23−20,196→ 0 total→ Common Stock (20,196 underlying) - Disposition to Issuer
Restricted Stock Unit
2021-11-23−21,239→ 0 total→ Common Stock (21,239 underlying) - Disposition to Issuer
Common Stock
2021-11-23$48.25/sh−103,381$4,988,133→ 0 total
Footnotes (4)
- [F1]In connection with the consummation of the Merger, at the Effective Time, each issued and outstanding share of common stock, par value $0.0001 of the Company (the "Common Stock") that was held by the Company's stockholders, including the reporting person, was converted into the right to receive $48.25 in cash per Common Stock (the "Offer Price").
- [F2]In connection with the consummation of the Merger, at the Effective Time, each restricted stock unit to acquire shares of Common Stock ("Restricted Stock Unit") that was outstanding as of immediately prior to the Effective Time, whether vested or unvested, was automatically cancelled and converted into the right to receive (without interest) an amount in cash equal to the Offer Price, less applicable taxes required to be withheld with respect to such payment, as provided in the Merger Agreement.
- [F3]As of November 23, 2021, this included 20,196 Restricted Stock Units that are scheduled to vest in two equal installments on February 19, 2022 and February 19, 2023.
- [F4]As of November 23, 2021, this included 21,239 Restricted Stock Units that are scheduled to vest in three equal installments on January 25, 2022, January 25, 2023 and January 25, 2024.