MOWER WILLIAM M 4
4 · GLOBAL TRAFFIC NETWORK, INC. · Filed Sep 27, 2011
Insider Transaction Report
Form 4
MOWER WILLIAM M
Director
Transactions
- Disposition from Tender
Common Stock
2011-09-23$14.00/sh−13,334$186,676→ 29,999 total
Footnotes (2)
- [F1]Represents shares of common stock that were tendered to GTCR Gridlock Acquisition Sub, Inc., a Nevada corporation ("Purchaser") pursuant to Purchaser's offer to purchase all outstanding shares of Global Traffic Network, Inc., a Nevada corporation (the "Issuer"), at a purchase price of $14.00 per share, net to the seller in cash, without interest and less any required withholding taxes, subject to the terms described in the Offer to Purchase, filed with the SEC on August 9, 2011, as amended and supplemented (the "Tender Offer").
- [F2]Includes unvested shares of restricted stock, which restrictions will lapse as to 6,666 shares of 2/26/2012; as to 6,667 shares on 3/3/2012, and as to 6,666 shares on 3/3/2013 and as to 3,334 shares on 3/1/2012, and as to 3,333 shares on each of 3/1/2013 and 3/1/2014.