ACTIVE NETWORK INC 4
4 · ACTIVE NETWORK INC · Filed Nov 15, 2013
Insider Transaction Report
Form 4
Belmonte Jon
Interim CEO
Transactions
- Disposition from Tender
Common Stock
2013-11-15−21,875→ 0 total(indirect: By Trust) - Disposition from Tender
Common Stock
2013-11-15−74,195→ 33,500 total - Disposition to Issuer
Common Stock
2013-11-15−33,500→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2013-11-15$9.47/sh−100,000$947,000→ 0 totalExercise: $5.03Exp: 2023-04-30→ Common Stock (100,000 underlying)
Footnotes (5)
- [F1]Per the terms of the Agreement and Plan of Merger dated September 28, 2013, by and among Athlaction Holdings, LLC, Athlaction Merger Sub, Inc. and The Active Network, Inc. (the "Merger Agreement"), each share of The Active Network, Inc. (the "Company") common stock was converted into the right to receive cash in an amount equal to $14.50 per share.
- [F2]Mr. Belmonte is the trustee of The Belmonte Trust and has voting and dispositive power with respect to these shares. Mr. Belmonte disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- [F3]Represents restricted stock units previously reported under Table I.
- [F4]Per the terms of the Merger Agreement, each restricted stock unit granted that was outstanding as of the Effective Time (as defined in the Merger Agreement), was cancelled and converted into the right to receive cash in an amount equal to $14.50 per share.
- [F5]Per the terms of the Merger Agreement, each stock option that was outstanding and unexercised as of the Effective Time, whether or not vested, was cancelled and converted into the right to receive cash in an amount equal to (i) the total number of shares subject to each such option immediately prior to the Effective Time (without regard to vesting) multiplied by (ii) the excess, if any, of (x) $14.50 over (y) the exercise price payable per share under each such stock option.