Sing YuenWah 4
4 · MAGICJACK VOCALTEC LTD · Filed Nov 16, 2018
Insider Transaction Report
Form 4
Sing YuenWah
Director
Transactions
- Disposition to Issuer
Ordinary shares
2018-11-14$8.71/sh−270$2,352→ 0 total - Disposition to Issuer
Ordinary shares
2018-11-14$8.71/sh−100,000$871,000→ 93,684 total(indirect: CRT) - Disposition to Issuer
Ordinary shares
2018-11-14$8.71/sh−93,414$813,636→ 270 total(indirect: By Trust)
Footnotes (2)
- [F1]On November 14, 2018 (the "Closing Date"), B. Riley Financial, Inc. ("B. Riley") acquired the Issuer pursuant to the Agreement and Plan of Merger, dated as of November 9, 2017 (the "Merger Agreement"), by and among the Issuer, B. Riley, and B. R. Acquisition Ltd., a wholly-owned subsidiary of B. Riley ("Merger Sub"). On the Closing Date, in accordance with the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer surviving the merger (the "Merger") as a wholly owned subsidiary of B. Riley.
- [F2]At the effective time of the Merger (the "Effective Time"), each ordinary share of the Issuer issued and outstanding immediately prior to the Effective Time (other than, if any, shares owned by B. Riley or Merger Sub, or by any wholly-owned subsidiary of B. Riley, Merger Sub, or the Issuer (except to the extent held for the benefit of a customer or a third party)), was automatically converted into the right to receive $8.71 per share in cash (the "Per Share Merger Consideration"), without interest and less any applicable withholding taxes required by law.