4//SEC Filing
AOL Inc. 4
Accession 0001127602-15-021413
CIK 0001468516operating
Filed
Jun 24, 8:00 PM ET
Accepted
Jun 25, 7:50 PM ET
Size
19.9 KB
Accession
0001127602-15-021413
Insider Transaction Report
Form 4
AOL Inc.AOL
Burton Eve B
Director
Transactions
- Disposition to Issuer
Deferred Stock Units
2015-06-23$50.00/sh−541$27,050→ 0 total→ Common Stock, Par Value $0.01 (541 underlying) - Disposition to Issuer
Deferred Stock Units
2015-06-23$50.00/sh−631$31,550→ 0 total→ Common Stock, Par Value $0.01 (631 underlying) - Disposition to Issuer
Deferred Stock Units
2015-06-23$50.00/sh−571$28,550→ 0 total→ Common Stock, Par Value $0.01 (571 underlying) - Disposition to Issuer
Deferred Stock Units
2015-06-23$50.00/sh−628$31,400→ 0 total→ Common Stock, Par Value $0.01 (628 underlying) - Disposition to Issuer
Deferred Stock Units
2015-06-23$50.00/sh−556$27,800→ 0 total→ Common Stock, Par Value $0.01 (556 underlying) - Disposition to Issuer
Deferred Stock Units
2015-06-23$50.00/sh−536$26,800→ 0 total→ Common Stock, Par Value $0.01 (536 underlying) - Disposition to Issuer
Common Stock, Par Value $0.01
2015-06-23$50.00/sh−9,929$496,450→ 700 total - Disposition to Issuer
Common Stock, Par Value $0.01
2015-06-23$50.00/sh−700$35,000→ 0 total
Footnotes (3)
- [F1]On May 12, 2015, AOL Inc. (the "Company") entered into an Agreement and Plan of Merger (the "Merger Agreement") with Verizon Communications Inc. ("Verizon") and Hanks Acquisition Sub, Inc. ("Acquisition Sub"), a wholly owned subsidiary of Verizon, pursuant to which Verizon acquired the Company in a merger (the "Merger") that became effective on June 23, 2015. Pursuant to the Merger Agreement, all shares of Company common stock outstanding immediately prior to the effective time of the Merger (the "Effective Time"), were canceled and converted automatically into the right to receive a cash payment equal to $50.00. The number represents shares of Company common stock issued upon the settlement of restricted stock units.
- [F2]The number represents shares of Company common stock that were purchased on the open market and disposed of in the Offer and/or the Merger. Pursuant to the Merger Agreement, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time was cancelled and automatically converted into the right to receive a cash payment of $50.00 in cash.
- [F3]In connection with and effective upon the consummation of the Merger, and as provided in the Merger Agreement, the Company has taken irrevocable action to terminate its deferred compensation plan (the "DDCP"). Pursuant to applicable tax law, under the terms of the termination and liquidation, all amounts deferred under the DDCP will be paid out to the applicable participants within 12 months following the date that the Company irrevocably took all necessary action to terminate and liquidate the DDCP.
Documents
Issuer
AOL Inc.
CIK 0001468516
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001468516
Filing Metadata
- Form type
- 4
- Filed
- Jun 24, 8:00 PM ET
- Accepted
- Jun 25, 7:50 PM ET
- Size
- 19.9 KB