4//SEC Filing
VIGLIOTTI STEVEN R 4
Accession 0001179110-19-003381
CIK 0000920424other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 7:43 PM ET
Size
8.8 KB
Accession
0001179110-19-003381
Insider Transaction Report
Form 4
VIGLIOTTI STEVEN R
Managing Director and CFO
Transactions
- Disposition to Issuer
Common Stock
2019-03-01$30.30/sh−209,438.73$6,345,994→ 0 total - Disposition to Issuer
Performance-based Restricted Stock Units
2019-03-01$30.30/sh−7,844$237,673→ 0 total→ Common Stock (7,844 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of November 6, 2018, by and among Virtu Financial, Inc., a Delaware corporation ("Virtu"), Impala Merger Sub, Inc., a Delaware corporation ("Merger Sub") and an indirect wholly owned subsidiary of Virtu, and Investment Technology Group, Inc., a Delaware corporation (the "Company"), at the effective time of the merger (the "Effective Time") of Merger Sub with and into the Company, with the Company as the surviving entity and an indirect wholly owned subsidiary of Virtu, 158,774.52 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"), owned by the reporting person were converted into the right to receive $30.30 per share in cash without interest (the "Merger Consideration").
- [F2]Pursuant to the Merger Agreement, at the Effective Time, 50,664.21 time-based restricted stock unit ("RSU") awards granted by the Company fully vested and converted automatically into the right to receive an amount in cash equal to the product of (i) the number of shares of Common Stock subject to such RSUs immediately prior to the Effective Time and (ii) the Merger Consideration of $30.30 per share.
- [F3]Due to an administrative error in certain earlier Form 4 filings, this amount reflects the correction of the number of securities beneficially owned, which was under-reported by 348 shares of Common Stock subject to the reporting person's RSU awards.
- [F4]Pursuant to the Merger Agreement, at the Effective Time, 7,844 performance-based restricted stock unit ("PSU") awards granted by the Company fully vested and converted automatically into the right to receive an amount in cash equal to the product of (i) the number of shares of Common Stock subject to such PSUs immediately prior to the Effective Time (with the performance goals deemed satisfied at target as of the Effective Time) and (ii) the Merger Consideration of $30.30 per share.
Documents
Issuer
INVESTMENT TECHNOLOGY GROUP, INC.
CIK 0000920424
Entity typeother
Related Parties
1- filerCIK 0001074992
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 7:43 PM ET
- Size
- 8.8 KB