Griffith Scott W. 4/A
4/A · ZIPCAR INC · Filed Mar 21, 2013
Insider Transaction Report
Form 4/AAmended
ZIPCAR INCZIP
Griffith Scott W.
DirectorChairman of the Board & CEO
Transactions
- Disposition to Issuer
Common Stock
2013-03-14$12.25/sh−850,100$10,413,725→ 0 total - Disposition to Issuer
Common Stock
2013-03-14$12.25/sh−25,287$309,766→ 0 total(indirect: See Footnote) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2013-03-14$7.15/sh−237,640$1,699,126→ 0 totalExercise: $5.10Exp: 2018-11-03→ Common Stock (237,640 underlying) - Disposition to Issuer
Common Stock
2013-03-14$12.25/sh−87,500$1,071,875→ 0 total(indirect: See Footnote) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2013-03-14$3.51/sh−9,637$33,826→ 0 totalExercise: $8.74Exp: 2020-02-25→ Common Stock (9,637 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2013-03-14$3.51/sh−211,456$742,211→ 0 totalExercise: $8.74Exp: 2020-02-25→ Common Stock (211,456 underlying)
Footnotes (4)
- [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 Scott W. Griffith Qualified Annuity Trust, of which Mr. Griffith is trustee. Mr. Griffith disclaims beneficial ownership of the shares held by Scott W. Griffith Qualified Annuity Trust, except to the extent of his pecuniary interest therein.
- [F3]Held by the Black Bear Trust, of which Mr. Griffith is trustee. Mr. Griffith disclaims beneficial ownership of the shares held by Black Bear Trust, except to the extent of his pecuniary interest therein.
- [F4]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.