4//SEC Filing
Bumbolow Thomas 4
Accession 0001104659-23-128189
CIK 0000355379other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 4:00 PM ET
Size
9.9 KB
Accession
0001104659-23-128189
Insider Transaction Report
Form 4
Bumbolow Thomas
See Remarks
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2023-12-20$5.87/sh−5,000$29,350→ 0 totalExercise: $21.13Exp: 2032-03-15→ Common Stock (5,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2023-12-20$14.97/sh−15,000$224,550→ 0 totalExercise: $12.03Exp: 2032-10-10→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of April 30, 2023 (the "Merger Agreement"), by and among Midwest Holding Inc., a Delaware corporation (the "Company"), Midas Parent, LP, a Delaware limited partnership ("Parent") and Midas Merger Acquisition Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent, whereby at the effective time of the merger contemplated therein (the "Effective Time"), each share of Company Common Stock issued and outstanding immediately prior to the Effective Time, subject to certain exceptions as provided in the Merger Agreement, was converted into the right to receive $27.00 in cash, without interest (the "Merger Consideration"), subject to any required tax withholding as provided in the Merger Agreement.
- [F2]At the Effective Time, each Company stock option vested and exercisable or held by the reporting person, as well as non-employee directors or certain other identified individuals (whether or not vested or exercisable), and each Company stock option that vested upon the merger under the terms applicable thereto ("Vested Company Option"), in each case, that was in-the-money was cancelled and converted, in accordance with the terms of the Merger Agreement, into the right to receive a cash payment equal to, for each share of Common Stock subject to the Vested Company Option held by the reporting person immediately prior to the Effective Time, the excess of the Merger Consideration over the exercise price per share of Company Common Stock. At the Effective Time, each Vested Company Option that was out-of-the-money was cancelled for no consideration in accordance with the terms of the Merger Agreement.
Documents
Issuer
MIDWEST HOLDING INC.
CIK 0000355379
Entity typeother
Related Parties
1- filerCIK 0001840647
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 4:00 PM ET
- Size
- 9.9 KB