4//SEC Filing
DEWOLF DANIEL 4
Accession 0001179110-13-008245
CIK 0001078383other
Filed
May 12, 8:00 PM ET
Accepted
May 13, 10:01 AM ET
Size
30.6 KB
Accession
0001179110-13-008245
Insider Transaction Report
Form 4
IPARTY CORPIPT
DEWOLF DANIEL
Director
Transactions
- Disposition to Issuer
Common Stock
2013-05-09$0.45/sh−75,000$33,750→ 0 total(indirect: By LLC) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09−80,000→ 0 totalExercise: $0.52→ Common Stock (80,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.34/sh−25,000$8,500→ 0 totalExercise: $0.11→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.17/sh−25,000$4,250→ 0 totalExercise: $0.28→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.09/sh−25,000$2,250→ 0 totalExercise: $0.36→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.16/sh−25,000$4,000→ 0 totalExercise: $0.29→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.02/sh−25,000$500→ 0 totalExercise: $0.43→ Common Stock (25,000 underlying) - Disposition to Issuer
Common Stock
2013-05-09$0.45/sh−10,000$4,500→ 0 total(indirect: By LLC) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.03/sh−25,000$750→ 0 totalExercise: $0.42→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.15/sh−25,000$3,750→ 0 totalExercise: $0.30→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.25/sh−40,000$10,000→ 0 totalExercise: $0.20→ Common Stock (40,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09−25,000→ 0 totalExercise: $0.60→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09−80,000→ 0 totalExercise: $0.93→ Common Stock (80,000 underlying)
Footnotes (6)
- [F1]These shares are held by Dawntreader Chestnut Advisors LLC, whose members include Mr. DeWolf's spouse and a trust for the benefit of Mr. DeWolf's spouse and children. Mr. DeWolf, as Manager, has sole investment discretion over these shares.
- [F2]These shares are held by Pine Street Ventures LLC, whose members are Mr. DeWolf's children. Mr. DeWolf, as Manager of Pine Street Ventures, has investment discretion over these shares.
- [F3]Pursuant to the Agreement and Plan of Merger among iParty Corp. (the "Issuer"), Party City Holdings Inc., and Confetti Merger Sub, Inc., a wholly-owned subsidiary of Party City Holdings Inc., dated March 1, 2013 (the "Merger Agreement"), each share of the Issuer's common stock was exchanged for $0.45 in cash, without interest and less any applicable withholding taxes (the "Merger").
- [F4]The stock options under this award were fully vested prior to the closing of the Merger.
- [F5]30,000 of the stock options under this award were vested prior to the closing of the Merger. 10,000 of the stock options under this award accelerated and became fully vested as of the closing of the Merger.
- [F6]In connection with the Merger, the vested and/or exercisable portion of each Issuer stock option held by the Reporting Person was cancelled and, in exchange therefor, converted into the right to receive an amount in cash equal to the product of the number of shares issuable upon the exercise of such option and $0.45 minus the exercise price of such option. The Reporting Person's options, if any, with an exercise price equal to or above $0.45 were canceled in connection with the Merger.
Documents
Issuer
IPARTY CORP
CIK 0001078383
Entity typeother
Related Parties
1- filerCIK 0001185835
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 10:01 AM ET
- Size
- 30.6 KB