4//SEC Filing
POWERSECURE INTERNATIONAL, INC. 4
Accession 0001209191-16-118633
CIK 0000882154operating
Filed
May 8, 8:00 PM ET
Accepted
May 9, 7:54 PM ET
Size
8.0 KB
Accession
0001209191-16-118633
Insider Transaction Report
Form 4
Geer W Kent
Director
Transactions
- Disposition to Issuer
Common Stock
2016-05-09$18.75/sh−28,202$528,788→ 0 total - Disposition to Issuer
Restricted Stock Units
2016-05-09−1,614→ 0 totalExercise: $0.00→ Common Stock (1,614 underlying)
Footnotes (3)
- [F1]Includes 403 restricted shares of Common Stock as to which vesting was accelerated pursuant to that certain Agreement and Plan of Merger, dated as of February 24, 2016 (the "Merger Agreement"), by and among The Southern Company, PSMS Corp. and the Issuer, pursuant to which PSMS Corp. was merged with and into the Issuer and the Issuer was the continuing corporation in the merger and became a wholly-owned subsidiary of The Southern Company (the "Merger").
- [F2]Disposed of pursuant to the Merger Agreement. At the effective time of the Merger, each share of Issuer Common Stock was cancelled and converted into the right to receive $18.75 in cash.
- [F3]Each Restricted Stock Unit represented the right to receive one share of Issuer Common Stock upon vesting. At the effective time of the Merger, each Restricted Stock Unit was deemed fully vested and cancelled in exchange for the right to receive $18.75 in cash, in accordance with the Merger Agreement.
Documents
Issuer
POWERSECURE INTERNATIONAL, INC.
CIK 0000882154
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000882154
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 7:54 PM ET
- Size
- 8.0 KB