WESTAFF INC 4
4 · WESTAFF INC · Filed Mar 23, 2009
Insider Transaction Report
Form 4
WESTAFF INCWSTF
Koosharem CORP
10% Owner
Transactions
- Purchase
Common Stock, par value $0.01 per share
2008-03-19+16,702,651→ 0 total
Footnotes (1)
- [F1]On March 19, 2009, the reporting person acquired the 8,262,696 shares of the issuer's common stock previously held by DelStaff, LLC for first-lien debt of the reporting person with a face value of $43,000,000 pursuant to a Stock & Note Purchase Agreement, dated as of January 28, 2009. Also on March 19, 2009, as part of a subsequent merger of the issuer with a wholly-owned subsidiary of the reporting person, all of the issuer's outstanding common stock was canceled pursuant to an Agreement and Plan of Merger, dated as of January 28, 2009 (the "merger agreement"). Pursuant to the merger agreement, each share of the issuer's common stock held by persons other than the reporting person or acquired by the reporting person from DelStaff, LLC prior to the merger was converted into the right to receive $1.25 in cash as merger consideration.