Enventis Corp 4
4 · Enventis Corp · Filed Oct 17, 2014
Insider Transaction Report
Form 4
Enventis CorpENVE
Wirsbinski Carol Ann
Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock
2014-10-16$19.39/sh−12,450$241,406→ 0 total - Disposition to Issuer
Option (Right to buy)
2014-10-16$9.36/sh−10,000$93,600→ 0 totalExercise: $9.03From: 2014-04-05Exp: 2021-04-04→ Common Stock (10,000 underlying) - Tax Payment
Common Stock
2014-10-16$18.25/sh−1,466$26,755→ 12,450 total
Footnotes (2)
- [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 9,215 shares of Consolidated common stock with a market value of $241,340.85 on the effective date of the merger.
- [F2]This option, which is fully vested, is disposed of pursuant to the Merger Agreement in exchange for a cash payment of $93,600 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.