4//SEC Filing
Yaron-Eldar Tali 4
Accession 0001178913-18-002977
CIK 0001005699other
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 2:05 PM ET
Size
6.5 KB
Accession
0001178913-18-002977
Insider Transaction Report
Form 4
Yaron-Eldar Tali
Director
Transactions
- Disposition to Issuer
Ordinary shares
2018-11-14$8.71/sh−25,108$218,691→ 0 total
Footnotes (3)
- [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.
- [F3]Includes 7,000 shares issued as restricted shares on April 23, 2014 as non-employee director compensation pursuant to the Issuer's equity compensation plan and exempt from Section 16 pursuant to Rule 16b-3. The initial grant vested in equal installments on April 23, 2015, April 23, 2016 and April 23, 2017.
Documents
Issuer
MAGICJACK VOCALTEC LTD
CIK 0001005699
Entity typeother
Related Parties
1- filerCIK 0001538256
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 2:05 PM ET
- Size
- 6.5 KB