4//SEC Filing
Davis Diane C. 4
Accession 0001104659-23-128196
CIK 0000355379other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 4:04 PM ET
Size
8.2 KB
Accession
0001104659-23-128196
Insider Transaction Report
Form 4
Davis Diane C.
Director
Transactions
- Disposition to Issuer
Common Stock
2023-12-20$27.00/sh−3,401$91,827→ 1,164 total - Disposition to Issuer
Common Stock
2023-12-20$27.00/sh−1,164$31,428→ 0 total
Footnotes (3)
- [F1]The shares of Company common stock (the "Company Common Stock") were disposed of 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]This number reflects the number of shares of Company Common Stock subject to outstanding restricted stock unit awards.
- [F3]At the Effective Time, each restricted stock unit award for shares of Company Common Stock vested or held by the reporting person, as well as other non-employee directors or certain identified individuals (whether or not vested), and restricted stock unit award for shares of Company Common Stock that vested upon the merger under the terms applicable thereto, in each case, 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 such award held by the reporting person immediately prior to the Effective Time, the Merger Consideration.
Documents
Issuer
MIDWEST HOLDING INC.
CIK 0000355379
Entity typeother
Related Parties
1- filerCIK 0001807546
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 4:04 PM ET
- Size
- 8.2 KB