FARO DIANE 4
4 · JetPay Corp · Filed Dec 10, 2018
Insider Transaction Report
Form 4
JetPay CorpJTPY
FARO DIANE
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2018-12-04−250,000→ 0 totalExercise: $2.48Exp: 2026-05-05→ Common Stock (250,000 underlying) - Disposition from Tender
Common Stock, par value $0.001 per share
2018-12-04$5.05/sh−130,200$657,510→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2018-12-04−350,000→ 0 totalExercise: $2.60Exp: 2026-10-31→ Common Stock (350,000 underlying)
Footnotes (3)
- [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]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.