4//SEC Filing
AOL Inc. 4
Accession 0001127602-15-021414
CIK 0001468516operating
Filed
Jun 24, 8:00 PM ET
Accepted
Jun 25, 7:51 PM ET
Size
8.0 KB
Accession
0001127602-15-021414
Insider Transaction Report
Form 4
AOL Inc.AOL
DALZELL RICHARD L
Director
Transactions
- Disposition to Issuer
Common Stock, Par Value $0.01
2015-06-23$50.00/sh−29,912$1,495,600→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2015-06-23$29.24/sh−12,048$352,284→ 0 totalExercise: $20.76Exp: 2020-01-28→ Common Stock, Par Value $0.01 (12,048 underlying)
Footnotes (2)
- [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]Pursuant to the Merger Agreement, each Company stock option outstanding and unexercised immediately prior to the Effective Time, whether vested or unvested, was canceled and converted automatically into the right to receive a cash payment with respect thereto equal to the product of (i) the number of shares of Company common stock subject to such Company stock option immediately prior to the Effective Time and (ii) the excess, if any, of $50.00 over the exercise price per share subject to such Company stock option immediately prior to the Effective Time. Company stock options in respect of which the exercise price per share equaled or exceeded $50.00 were cancelled, in accordance with the terms of the applicable equity incentive plan and award agreement, for no consideration as of the Effective Time.
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, 7:51 PM ET
- Size
- 8.0 KB