SKINNER SAMUEL K 4
4 · Echo Global Logistics, Inc. · Filed Nov 23, 2021
Insider Transaction Report
Form 4
SKINNER SAMUEL K
Director
Transactions
- Disposition to Issuer
Common Stock
2021-11-23$48.25/sh−40,142$1,936,852→ 0 total - Disposition to Issuer
Restricted Stock Unit
2021-11-23−5,385→ 0 total→ Common Stock (5,385 underlying)
Footnotes (2)
- [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") and each stock option with the right to buy shares of Common Stock ("Stock Option") that were outstanding as of immediately prior to the Effective Time, whether vested or unvested, were automatically cancelled and converted into the right to receive (without interest) an amount in cash equal to the Offer Price, as provided in the Merger Agreement. As of November 23, 2021, this included 5,385 Restricted Stock Units that are scheduled to vest on February 26, 2022.