Bevins William C 4
4 · M & F WORLDWIDE CORP · Filed Dec 22, 2011
Insider Transaction Report
Form 4
Bevins William C
Director
Transactions
- Disposition to Issuer
Stock Units
2011-12-21−6,430→ 0 total→ Common Stock (6,430 underlying)
Footnotes (2)
- [F1]These stock units were issued because of the reporting person's participation in the Company's Amended and Restated Outside Directors Deferred Compensation Plan, under which director fees otherwise payable in cash may be paid in the form of stock units.
- [F2]On December 21, 2011, pursuant to an Agreement and Plan of Merger, dated as of September 12, 2011, by and among M & F Worldwide Corp. (the "Company"), MX Holdings One, LLC, MX Holdings Two, Inc. ("Merger Sub"), and solely for certain sections specified therein, MacAndrews & Forbes Holdings Inc., Merger Sub was merged with and into the Company (the "Merger"). At the effective time of the Merger, each notional stock account with respect to stock units under the Company's Amended and Restated Outside Directors Deferred Compensation Plan was adjusted pursuant to the terms of the plan such that the account ceased to represent a notional investment in shares of Common Stock and was converted into a notional cash account equal to the product of (x) the number of shares of Common Stock subject to such stock account multiplied by (y) $25.00.