Knox Tracy 4
4 · RIGHTSIDE GROUP, LTD. · Filed Aug 1, 2017
Insider Transaction Report
Form 4
Knox Tracy
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2017-07-28−85,519→ 0 totalExercise: $8.77Exp: 2026-04-12→ Common Stock (85,519 underlying) - Disposition from Tender
Common Stock
2017-07-27$10.60/sh−205,780$2,181,268→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2017-07-28−88,443→ 0 totalExercise: $8.48Exp: 2027-03-06→ Common Stock (88,443 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger dated June 13, 2017 by and among Donuts Inc., DTS Sub Inc. and the Issuer (the "Merger Agreement"), (i) each share of common stock was tendered for $10.60 in cash (less applicable tax withholding), and (ii) upon the closing of the merger on July 28, 2017, each outstanding restricted stock unit ("RSU") was exchanged for the right to receive $10.60 in cash (less applicable tax withholding), subject to the same vesting schedule and other terms and conditions that applied to the original RSU award, including any acceleration provisions set forth in any written employment agreement.
- [F2]Twenty five percent (25%) of the shares subject to the option shall become vested and exercisable on February 15, 2017 and the remainder of the shares subject to the option shall vest and become exercisable in twelve (12) equal installments on each three (3) month anniversary thereafter.
- [F3]Pursuant to the terms of the Merger Agreement, all outstanding stock options were cancelled. Options with an exercise price per share less than $10.60 received a cash payment (less applicable tax withholdings) equal to, on a per share basis, $10.60 per share less the exercise price per share.
- [F4]Shares subject to the option shall vest and become exercisable in sixteen (16) equal installments with the first vest to occur on May 15, 2017, and subsequent vests to occur on each three (3) month anniversary thereafter.