SERVIDYNE, INC. 4
4 · SERVIDYNE, INC. · Filed Aug 31, 2011
Insider Transaction Report
Form 4
SERVIDYNE, INC.SERV
Scientific Conservation, Inc.
10% Owner
Transactions
- Other
Common Stock
2011-08-29$3.50/sh+3,674,358$12,860,253→ 0 total
Footnotes (3)
- [F1]On June 26, 2011, SCIenergy, Inc., a Delaware corporation (formerly known as Scientific Conservation, Inc.) ("SCI"), Scrabble Acquisition, Inc., a Georgia corporation and a wholly-owned subsidiary of SCI ("Merger Sub"), and Servidyne, Inc. (the "Issuer") entered into an Agreement and Plan of Merger (the "Merger Agreement") pursuant to which, effective August 29, 2011 Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and as a wholly-owned subsidiary of SCI (the "Merger").
- [F2]Upon the effective time of the Merger, each share of the Issuer's common stock issued and outstanding immediately prior to the effective time of the Merger (other than shares held by the Issuer, SCI, Merger Sub or any of their wholly-owned subsidiaries or by shareholders of the Company who have validly exercised their dissenters' rights under Georgia law) was cancelled and converted into the right to receive $3.50 in cash.
- [F3]Based on 3,674,358 shares outstanding as of July 20, 2011, as reported by the Issuer on its form 8-K filed on August 31, 2011.