Seiler Mel 4
4 · INTERSECTIONS INC · Filed Jan 14, 2019
Insider Transaction Report
Form 4
Seiler Mel
Director
Transactions
- Disposition to Issuer
RESTRICTED STOCK UNIT
2019-01-11−7,500→ 0 total→ COMMON STOCK (7,500 underlying) - Disposition to Issuer
STOCK OPTION (RIGHT TO BUY)
2019-01-11$1.57/sh−15,000$23,550→ 0 totalExercise: $2.11Exp: 2028-06-07→ COMMON STOCK (15,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNIT
2019-01-11−20,000→ 0 total→ COMMON STOCK (20,000 underlying)
Footnotes (3)
- [F1]Reflects disposition on January 11, 2019 pursuant to the terms of the Agreement and Plan of Merger by and among WC SACD One Parent, Inc., a Delaware corporation ("Parent"), WC SACD One Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent and the Issuer dated as of October 31, 2018 (as amended, the "Merger Agreement"). In accordance with the terms of the Merger Agreement, each option (whether vested or unvested) to acquire shares of the common stock of the Issuer was cancelled in exchange for the right to receive an amount in cash equal to the excess of $3.68 over the exercise price of such option.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock or, at the Issuer's option, cash or a combination of the two.
- [F3]Reflects disposition on January 11, 2019 pursuant to the terms of the Merger Agreement. In accordance with the terms of the Merger Agreement, each restricted stock unit (including restricted stock units that became fully vested pursuant to the Merger Agreement) was cancelled and converted automatically into the right to receive $3.68 in cash.