Enventis Corp 4
4 · Enventis Corp · Filed Oct 17, 2014
Insider Transaction Report
Form 4
Enventis CorpENVE
JACOBS MARY T
Vice President
Transactions
- Disposition to Issuer
Common Stock
2014-10-16$19.39/sh−10,776$208,947→ 0 total(indirect: By Trust) - Tax Payment
Common Stock
2014-10-16$18.25/sh−508$9,271→ 46,297 total - Disposition to Issuer
Option (Right to buy)
2014-10-16$7.54/sh−10,000$75,400→ 0 totalExercise: $10.85From: 2009-02-17Exp: 2015-02-16→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2014-10-16$19.39/sh−46,297$897,699→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to a merger agreement (the "Merger Agreement") between Enventis Corporation, Consolidated Communications Holdings, Inc. ("Consolidated") and Sky Merger Sub Inc. in exchange for 7,976 shares of Consolidated common stock with a market value of $208,891.44 on the effective date of the merger.
- [F2]Disposed of pursuant to the Merger Agreement in exchange for 34,269 shares of Consolidated common stock with a market value of $897,505.11 on the effective date of the merger.
- [F3]This option, which is fully vested,is disposed of pursuant to the Merger Agreement in exchange for a cash payment of $75,400 representing the difference between the exercise price of the option and the market value of Consolidated stock (calculated as a five-day average immediately prior to the effective date of the merger) times the exchange ratio of .7402.