Enventis Corp 4
4 · Enventis Corp · Filed Oct 17, 2014
Insider Transaction Report
Form 4
Enventis CorpENVE
NORDQUIST LANE C
Vice President
Transactions
- Disposition to Issuer
Common Stock
2014-10-16$19.39/sh−50,601$981,153→ 0 total - Tax Payment
Common Stock
2014-10-16$18.25/sh−635$11,589→ 50,601 total - Disposition to Issuer
Common Stock
2014-10-16$19.39/sh−7,296$141,469→ 0 total(indirect: By Trust) - Disposition to Issuer
Option (Right to buy)
2014-10-16$7.54/sh+5,000$37,700→ 0 totalExercise: $10.85From: 2009-02-17Exp: 2015-02-16→ Common Stock (5,000 underlying)
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 5,400 shares of Consolidated common stock with a market value of $141,426.00 on the effective date of the merger.
- [F2]Disposed of pursuant to the Merger Agreement in exchange for 37,454 shares of Consolidated common stock with a market value of $980,920.26 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 $37,700 representing the difference between the exercise price of the option and the market value of Consoliated stock (calculated as a five-day average immediately prior to the effective date of the merger) times the exchange ratio of .7402.