4//SEC Filing
KRZEMIEN GREGORY M 4
Accession 0001144204-18-063875
CIK 0001507986other
Filed
Dec 9, 7:00 PM ET
Accepted
Dec 10, 5:11 PM ET
Size
8.6 KB
Accession
0001144204-18-063875
Insider Transaction Report
Form 4
JetPay CorpJTPY
KRZEMIEN GREGORY M
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2018-12-04−100,000→ 0 totalExercise: $2.05Exp: 2027-11-15→ Common Stock (100,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2018-12-04−200,000→ 0 totalExercise: $1.95Exp: 2023-08-30→ Common Stock (200,000 underlying)
Footnotes (4)
- [F1]The common stock was tendered in exchange for $5.05 per share in the tender offer made pursuant to the Agreement and Plan of Merger, dated as of October 19, 2018 (the "Merger Agreement"), by and among NCR Corporation, Orwell Acquisition Corporation and JetPay Corporation.
- [F2]These options were fully vested at the time of cancellation.
- [F3]The options, which provided for vesting monthly over 24 months beginning on November 15, 2017, automatically vested pursuant to the Merger Agreement.
- [F4]At the effective time of the merger under the Merger Agreement, each stock option, whether vested or unvested, outstanding immediately prior to the effective time was cancelled and entitled the holder of such option to receive, without interest, an amount in cash equal to the product of (i) the total number of shares of common stock subject to the stock option multiplied by (ii) the excess, if any, of $5.05 over the exercise price of such stock option, less any applicable withholdings.
Documents
Issuer
JetPay Corp
CIK 0001507986
Entity typeother
IncorporatedPA
Related Parties
1- filerCIK 0001267757
Filing Metadata
- Form type
- 4
- Filed
- Dec 9, 7:00 PM ET
- Accepted
- Dec 10, 5:11 PM ET
- Size
- 8.6 KB