MCDERMUT MARTIN S 4
4 · Resonant Inc · Filed Mar 28, 2022
Insider Transaction Report
Form 4
Resonant IncRESN
MCDERMUT MARTIN S
Chief Financial Officer
Transactions
- Disposition from Tender
Common Stock
2022-03-28$4.50/sh−268,425$1,207,913→ 0 total - Disposition from Tender
Common Stock
2022-03-28$4.50/sh−3,400$15,300→ 0 total(indirect: By Spouse) - Disposition to Issuer
Stock Options (Right to Buy)
2022-03-28−12,000→ 0 totalExercise: $6.00Exp: 2024-05-28→ Common Stock (12,000 underlying) - Disposition to Issuer
Restricted Stock Units
2022-03-28$4.50/sh−1,918$8,631→ 0 total→ Common Stock (1,918 underlying) - Disposition to Issuer
Restricted Stock Units
2022-03-28$4.50/sh−29,544$132,948→ 0 total→ Common Stock (29,544 underlying) - Disposition to Issuer
Restricted Stock Units
2022-03-28$4.50/sh−35,499$159,746→ 0 total→ Common Stock (35,499 underlying) - Disposition to Issuer
Restricted Stock Units
2022-03-28$4.50/sh−15,000$67,500→ 0 total→ Common Stock (15,000 underlying) - Disposition to Issuer
Restricted Stock Units
2022-03-28$4.50/sh−61,272$275,724→ 0 total→ Common Stock (61,272 underlying)
Footnotes (7)
- [F1]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"), this stock option, which is fully vested, was cancelled in the merger.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Resonant Inc. common stock.
- [F3]In connection with the Merger, these restricted stock units, which provided for vesting on December 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.
- [F4]In connection with the Merger Agreement, these restricted stock units, which provided for vesting of 14,772 shares on each of December 1, 2022 and December 1, 2023, 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 11,833 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.
- [F6]In connection with the Merger Agreement, these restricted stock units, which provided for vesting of 7,500 shares on each of December 1, 2022 and December 1, 2023, 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.
- [F7]In connection with the Merger Agreement, these restricted stock units, which provided for vesting of 15,318 shares on each of December 1, 2022, 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.