Bidz.com, Inc. 4
4 · Bidz.com, Inc. · Filed Nov 26, 2012
Insider Transaction Report
Form 4
Bidz.com, Inc.BIDZ
HANELT PETER G
Director
Transactions
- Disposition to Issuer
Common Stock
2012-11-26$0.78/sh−97,355$75,937→ 0 total - Disposition to Issuer
Restricted Stock
2012-11-26$0.78/sh−30,000$23,400→ 0 total
Footnotes (2)
- [F1]Disposed of in connection with the merger of Bidz.com, Inc. with Bidz Acquisition Company, Inc., a wholly owned subsidiary of Glendon Group, Inc. effective November 26,2012 (the "Merger"), pursuant to the Agreement and Plan of Merger dated as of May 17, 2012. In connection with the Merger, the shares listed were exchanged for the right to receive $0.78 per share in cash.
- [F2]Upon completion of the merger, each share of restricted stock became fully vested, and was entitled to receive an amount in cash equal to the merger consideration of $0.78 per share in cancellation of each restricted share. These shares of restricted stock were canceled in exchange for a cash payment of $23,400.