4//SEC Filing
ASSET ACCEPTANCE CAPITAL CORP 4
Accession 0001181431-13-035405
CIK 0001264707operating
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 9:46 PM ET
Size
12.7 KB
Accession
0001181431-13-035405
Insider Transaction Report
Form 4
HAIDER DONALD
Director
Transactions
- Other
Deferred Stock Unit covering AACC Common Stock
2013-06-13$6.50/sh−24,027$156,176→ 0 totalExercise: $6.50→ Common Stock (24,027 underlying) - Disposition to Issuer
Common Stock, par value $0.01 per share
2013-06-13$6.50/sh−3,500$22,750→ 0 total - Other
Option to purchase AACC Common Stock
2013-06-13$1.95/sh−5,000$9,750→ 0 totalExercise: $4.55Exp: 2021-05-12→ Common Stock (5,000 underlying) - Other
Restricted Stock Unit covering AACC Common Stock
2013-06-13$6.50/sh−15,974$103,831→ 0 totalExercise: $6.50→ Common Stock (15,974 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of March 6, 2013 (the "Merger Agreement"), by and among Asset Acceptance Capital Corp. ("AACC"), Encore Capital Group, Inc. ("Encore"), and Pinnacle Sub, Inc. ("Merger Sub"), AACC merged with and into Merger Sub (the "Merger"). Upon the effective time of the Merger, each share of AACC common stock was cancelled and exchanged for (i) cash equal to $6.50 per share without interest and less any applicable withholding taxes (the "Cash Consideration"), (ii) subject to proration upon the terms outlined in the merger agreement, 0.2162 shares of Encore common stock per share of AACC common stock or (iii) a combination thereof (the "Merger Consideration").
- [F2]Pursuant to the Merger Agreement, each option to acquire shares of AACC common stock, whether or not then vested or exercisable, was cancelled and terminated at the effective time of the Merger in exchange for the right to receive, cash consideration in accordance with the terms of the Merger Agreement; provided that if the exercise price per share of any such option is equal to or greater than the Cash Consideration, such option was canceled without any payment or other consideration being made in respect therefore (as a result, options covering 75,042 shares of AACC common stock that were previously granted to Mr. Haider were cancelled and terminated without any compensation being paid therefore).
- [F3]Pursuant to the Merger Agreement, immediately prior to the Effective Time, each restricted stock unit with respect to shares of AACC common stock that was outstanding immediately prior to the effective time of the Merger and each outstanding deferred stock unit was cancelled in exchange for the right to receive from AACC a cash amount equal to the product of (i) the Cash Consideration and (ii) the total number of shares of AACC common stock subject to such restricted or deferred stock unit.
- [F4]Restricted stock units and defend stock units don't expire.
Documents
Issuer
ASSET ACCEPTANCE CAPITAL CORP
CIK 0001264707
Entity typeoperating
Related Parties
1- filerCIK 0001264707
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 9:46 PM ET
- Size
- 12.7 KB