MELONE MARTIN R 4
4 · INTERNET BRANDS, INC. · Filed Dec 21, 2010
Insider Transaction Report
Form 4
MELONE MARTIN R
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2010-12-17$13.35/sh−60,992$814,243→ 0 total
Footnotes (2)
- [F1]Disposed of in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 17, 2010, by and among Internet Brands, Inc. (the "Company"), Micro Holding Corp., a Delaware corporation ("Parent"), and Micro Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub").
- [F2]At the effective time of the merger of Merger Sub with and into the Company (the "Merger"), each outstanding share of the Company's Class A Common Stock and Class B Common Stock was converted into the right to receive $13.35 in cash, without interest and less any applicable withholding taxes. Also at the effective time of the Merger, each outstanding share of restricted stock was vested in full and converted into the right to receive $13.35 per share in cash, without interest and less any applicable withholding taxes. Of the 60,992 shares, 6,178 were shares of restricted stock and were cancelled in exchange for a cash payment of $82,476.30.