OVENDEN JAMES 4
4 · Advance America, Cash Advance Centers, Inc. · Filed Apr 23, 2012
Insider Transaction Report
Form 4
OVENDEN JAMES
CFO & Executive Vice President
Transactions
- Disposition to Issuer
Common Stock
2012-04-23$10.50/sh−150,000$1,575,000→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Agreement"), dated February 15, 2012, by and among the issuer, Eagle U.S. Sub, Inc., and Eagle U.S. Merger Sub, Inc. On the effective date of the merger contemplated by the Agreement, each share of common stock of the issuer was automatically converted into the right to receive $10.50.
- [F2]The shares reported on this line include 50,000 unvested shares of restricted stock that, pursuant to the Agreement, became fully vested immediately prior to the effective time of the merger and 100,000 shares of unvested restricted stock that were cancelled in exchange for cash payments of $10.50 per share, half of which were deferred in accordance with the modification to the Change of Control Agreement dated February 15, 2012 between the reporting person and the issuer.