4//SEC Filing
Jacobs Jack H 4
Accession 0001104659-22-038527
CIK 0001579910other
Filed
Mar 27, 8:00 PM ET
Accepted
Mar 28, 11:13 AM ET
Size
13.6 KB
Accession
0001104659-22-038527
Insider Transaction Report
Form 4
Resonant IncRESN
Jacobs Jack H
Director
Transactions
- Disposition from Tender
Common Stock
2022-03-25$4.50/sh−64,184$288,828→ 0 total - Disposition to Issuer
Restricted Stock Units
2022-03-28$4.50/sh−19,788$89,046→ 0 total→ Common Stock (19,788 underlying) - Disposition to Issuer
Restricted Stock Units
2022-03-28$4.50/sh−25,000$112,500→ 0 total→ Common Stock (25,000 underlying) - Disposition to Issuer
Restricted Stock Units
2022-03-28$4.50/sh−12,711$57,200→ 0 total→ Common Stock (12,711 underlying)
Footnotes (4)
- [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 50% of the shares on May 10, 2022, and 50% of the shares on May 10, 2023, were assumed and converted in the merger 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 resignation of the holder as a director of 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 the shares on the earlier of (i) the day prior to the second annual meeting of stockholders following the grant and (ii) June 9, 2022, were assumed and converted in the merger 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 resignation of the holder as a director of 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 50% of the shares on the earlier of (i) the day prior to the first annual meeting of stockholders following the grant and (ii) June 8, 2022, and 50% of the shares on the earlier of (i) the day prior to the second annual meeting of stockholders following the grant and (ii) June 8, 2023, were assumed and converted in the merger 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 resignation of the holder as a director of 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 0001301949
Filing Metadata
- Form type
- 4
- Filed
- Mar 27, 8:00 PM ET
- Accepted
- Mar 28, 11:13 AM ET
- Size
- 13.6 KB