4//SEC Filing
Brown Clint 4
Accession 0001104659-22-038518
CIK 0001579910other
Filed
Mar 27, 8:00 PM ET
Accepted
Mar 28, 11:01 AM ET
Size
17.9 KB
Accession
0001104659-22-038518
Insider Transaction Report
Form 4
Resonant IncRESN
Brown Clint
Senior VP, Sales and Marketing
Transactions
- Disposition to Issuer
Restricted Stock Units
2022-03-28$4.50/sh−56,250$253,125→ 0 total→ Common Stock (56,250 underlying) - Disposition to Issuer
Restricted Stock Units
2022-03-28$4.50/sh−19,274$86,733→ 0 total→ Common Stock (19,274 underlying) - Disposition from Tender
Common Stock
2022-03-28$4.50/sh−56,250$253,125→ 0 total - Disposition to Issuer
Restricted Stock Units
2022-03-28$4.50/sh−93,750$421,875→ 0 total→ Common Stock (93,750 underlying) - Disposition from Tender
Common Stock
2022-03-28$4.50/sh−62,500$281,250→ 0 total(indirect: By Trust) - Disposition to Issuer
Restricted Stock Units
2022-03-28$4.50/sh−18,750$84,375→ 0 total→ Common Stock (18,750 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Resonant Inc. common stock.
- [F2]In connection with the Agreement and Plan of Merger, dated February 14, 2022, by and among Murata Electronics North America, Inc., PJ Cosmos Acquisition Company, Inc. and Resonant Inc. (the "Merger Agreement"), these restricted stock units, which provided for vesting of 18,750 shares on each of December 1, 2022, December 1, 2023, and December 1, 2024, were assumed and converted into a right of the holder to receive upon settlement an amount in cash equal to the per share merger consideration of $4.50 multiplied by the number of shares of common stock subject to such restricted stock units immediately prior to the merger. Upon the termination of the holder's employment with Resonant Inc. immediately following consummation of the merger, these assumed restricted stock units became fully vested and will be settled in cash.
- [F3]In connection with the Merger Agreement these restricted stock units, which provided for vesting of 31,250 shares on each of December 1, 2022, December 1, 2023, and December 1, 2024, were assumed and converted into a right of the holder to receive upon settlement an amount in cash equal to the per share merger consideration of $4.50 multiplied by the number of shares of common stock subject to such restricted stock units immediately prior to the merger. Upon the termination of the holder's employment with Resonant Inc. immediately following consummation of the merger, these assumed restricted stock units became fully vested and will be settled in cash.
- [F4]In connection with the Merger Agreement, these restricted stock units, which provided for vesting of 6,250 shares each of April 1, 2022, July 1, 2022, and September 1, 2022, were assumed and converted into a right of the holder to receive upon settlement an amount in cash equal to the per share merger consideration of $4.50 multiplied by the number of shares of common stock subject to such restricted stock units immediately prior to the merger. Upon the termination of the holder's employment with Resonant Inc. immediately following consummation of the merger, these assumed restricted stock units became fully vested and will be settled in cash.
- [F5]In connection with the Merger Agreement, these restricted stock units, which provided for vesting of 4,820 shares on December 1, 2022, and in 3 further installments of 4,818 shares on each of December 1, 2023, December 1, 2024, and December 1, 2025, were assumed and converted into a right of the holder to receive upon settlement an amount in cash equal to the per share merger consideration of $4.50 multiplied by the number of shares of common stock subject to such restricted stock units immediately prior to the merger. Upon the termination of the holder's employment with Resonant Inc. immediately following consummation of the merger, these assumed restricted stock units became fully vested and will be settled in cash.
Documents
Issuer
Resonant Inc
CIK 0001579910
Entity typeother
Related Parties
1- filerCIK 0001888442
Filing Metadata
- Form type
- 4
- Filed
- Mar 27, 8:00 PM ET
- Accepted
- Mar 28, 11:01 AM ET
- Size
- 17.9 KB