XOOM Corp 4
4 · XOOM Corp · Filed Nov 13, 2015
Insider Transaction Report
Form 4
XOOM CorpXOOM
Mitchell Anne
Director
Transactions
- Disposition to Issuer
Common Stock
2015-11-12$25.00/sh−9,483$237,075→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2015-11-12−16,090→ 0 totalExercise: $25.38Exp: 2023-07-18→ Common Stock (16,090 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-11-12−11,259→ 0 totalExercise: $22.68Exp: 2024-05-29→ Common Stock (11,259 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-11-12−9,179→ 0 totalExercise: $19.11Exp: 2025-05-28→ Common Stock (9,179 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to a merger agreement between the Issuer, PayPal, Inc., Timer Acquisition Corp., and PayPal Holdings, Inc., dated July 1, 2015 (the "Merger Agreement") in exchange for a cash payment of $25.00 per share, without interest. 3,924 of the shares represent a grant of restricted stock units that originally provided for vesting in one installment on May 28, 2016. The units became fully vested immediately prior to the effective time of the merger in accordance with the Issuer's non-employee director compensation policy.
- [F2]This option, which provided for vesting in three annual installments from July 18, 2013, was cancelled, terminated and extinguished for no consideration pursuant to the Merger Agreement because the exercise price of such option exceeded the per share merger price of $25.00.
- [F3]This option, which vested in one installment on May 29, 2015, was cancelled, terminated and extinguished pursuant to the Merger Agreement in exchange for a cash payment in the amount by which the per share merger price of $25.00 exceeded the exercise price of the option as of the effective time of the merger, without interest.
- [F4]This option originally provided for vesting in one installment on May 28, 2016. The option became fully vested immediately prior to the effective time of the merger in accordance with the Issuer's non-employee director compensation policy, and was cancelled, terminated and extinguished pursuant to the Merger Agreement in exchange for a cash payment in the amount by which the per share merger price of $25.00 exceeded the exercise price of the option as of the effective time of the merger, without interest.