RESOURCE AMERICA, INC. 4
4 · RESOURCE AMERICA, INC. · Filed Sep 21, 2016
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Stock Option
2016-09-08+5,000→ 0 totalExercise: $8.14From: 2009-05-21Exp: 2019-05-21→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2016-09-08−196,475→ 0 total - Disposition to Issuer
Common Stock
2016-09-08−1,435→ 0 total(indirect: By 401(k))
Footnotes (1)
- [F1]In connection with the merger (the "Merger") of the Issuer with and into Regent Acquisition Inc. ("Regent"), a subsidiary of C-III Capital Partners LLC ("C-III"), pursuant to that certain Agreement and Plan of Merger dated as of May 22, 2016, by and among the Issuer, C-III and Regent, the Reporting Person received $9.78 in cash for each share of common stock and each restricted stock award and deferred stock unit award of the Issuer owned by the Reporting Person. In connection with the Merger, stock options held by the Reporting Person became fully vested (to the extent not vested) and were cancelled and converted into the right to receive an amount in cash equal to the product of (1) the total number of shares of Issuer common stock subject to such option multiplied by (2) the excess, if any, of $9.78 over the exercise price per share of such option. Any option that had an exercise price per share that equaled or exceeded $9.78 was cancelled for no consideration.