Constant Contact, Inc. 4
4 · Constant Contact, Inc. · Filed Feb 10, 2016
Insider Transaction Report
Form 4
Herratti Jay
Director
Transactions
- Disposition to Issuer
Common Stock
2016-02-09$32.00/sh−4,288$137,216→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-02-09−25,000→ 0 totalExercise: $17.84→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-02-09−10,000→ 0 totalExercise: $14.89→ Common Stock (10,000 underlying) - Disposition to Issuer
Restricted Stock Units
2016-02-09−4,357→ 0 totalExercise: $0.00→ Common Stock (4,357 underlying)
Footnotes (5)
- [F1]Disposed of upon the effectiveness of the merger of Paintbrush Acquisition Corporation ("Paintbrush"), a wholly owned subsidiary of Endurance International Group Holdings, Inc. ("EIGI"), with and into the issuer on February 9, 2016 pursuant to a merger agreement dated October 30, 2015 by and among EIGI, Paintbrush and the issuer.
- [F2]Upon the effectiveness of the merger, the option was canceled in exchange for a cash payment of $354,000 (representing a price per share equal to the difference between the offer price of $32 per share and the exercise price of the option).
- [F3]Upon the effectiveness of the merger, the option was canceled in exchange for a cash payment of $171,100 (representing a price per share equal to the difference between the offer price of $32 per share and the exercise price of the option).
- [F4]Each restricted stock unit represented a contingent right to receive one share of issuer common stock.
- [F5]Upon the effectiveness of the merger, the restricted stock units vested and were exchanged for a cash payment of $139,424 (representing a price of $32 per restricted stock unit).