4//SEC Filing
ZIPCAR INC 4
Accession 0001181431-13-017390
CIK 0001131457operating
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 3:09 PM ET
Size
9.6 KB
Accession
0001181431-13-017390
Insider Transaction Report
Form 4
ZIPCAR INCZIP
KENNY JOHN F JR
Director
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2013-03-14$3.51/sh−39,250$137,768→ 0 totalExercise: $8.74Exp: 2020-02-25→ Common stock (39,250 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2013-03-14$1.50/sh−8,768$13,152→ 0 totalExercise: $10.75Exp: 2022-05-31→ Common stock (8,768 underlying) - Disposition to Issuer
Common Stock
2013-03-14$12.25/sh−34,674$424,757→ 0 total(indirect: See footnote)
Footnotes (3)
- [F1]Each share of common stock was disposed of in exchange for a cash payment of $12.25 per share upon consummation of the merger (the "Merger") contemplated by that certain Agreement and Plan of Merger, dated December 31, 2012, by and among Avis Budget Group, Inc., Millennium Acquisition Sub, Inc. and Zipcar, Inc.
- [F2]Held by the Kenny Irrevocable Trust of 2012, of which Mr. Kenny's descendants are the beneficiaries and of which Joseph G. Imbriani is sole trustee. Mr. Kenny disclaims beneficial ownership of the shares held by the Kenny Irrevocable Trust of 2012, except to the extent of his pecuniary interest therein.
- [F3]Prior to the effective time of the Merger, all outstanding options were accelerated, became fully vested and were cancelled in exchange for a cash payment equal to the product of (i) $12.25 less the exercise price per share of the option multiplied by (ii) the total number of shares underlying the option.
Documents
Issuer
ZIPCAR INC
CIK 0001131457
Entity typeoperating
Related Parties
1- filerCIK 0001131457
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 3:09 PM ET
- Size
- 9.6 KB