NTELOS HOLDINGS CORP. 4
4 · NTELOS HOLDINGS CORP. · Filed May 6, 2016
Insider Transaction Report
Form 4
Dir Rodney D
Director
Transactions
- Exercise/Conversion
Phantom Shares
2016-05-06−6,741→ 0 totalExp: 2019-01-04→ Common Stock (6,741 underlying) - Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2016-05-06+6,741→ 76,205 total - Disposition to Issuer
Common Stock, Par Value $0.01 Per Share
2016-05-06$9.25/sh−76,205$704,896→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-05-06−100,000→ 0 totalExercise: $6.00Exp: 2025-03-05→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Each Phantom Share is the economic equivalent of one share of Issuer's common stock. The vested Phantom Shares were settled for cash immediately prior to consummation of the merger at the value of the merger consideration, $9.25 per share, pursuant to the Agreement and Plan of Merger, dated as of August 10, 2015 among the Issuer, Shenandoah Telecommunications Company, and Gridiron Merger Sub., Inc.
- [F2]This option, which provided for vesting in annual installments of 25% of the total award beginning on March 5, 2016, was cancelled immediately prior to consummation of the merger in exchange for a cash payment of $325,000, representing the difference between the exercise price of the option and the merger consideration per share of $9.25.