Fleetmatics Group plc 4
4 · Fleetmatics Group plc · Filed Nov 7, 2016
Insider Transaction Report
Form 4
Young Liam
Director
Transactions
- Disposition to Issuer
Ordinary Shares, ?0.015 par value per share
2016-11-07−23,248→ 0 total
Footnotes (2)
- [F1]Immediately prior to the Effective Time (as defined below), the Reporting Person beneficially owned 23,248 restricted stock units ("RSUs") issued under the Issuer's Amended and Restated 2011 Stock Option and Incentive Plan (the "Plan").
- [F2]Pursuant to the terms of the Transaction Agreement between the Issuer, Verizon Business International Holdings B.V. and Verizon Communications Inc. ("Verizon"), dated July 30, 2016 (the "Transaction Agreement"), each RSU that was beneficially owned by the Reporting Person immediately prior to the effective time of the scheme (the "Effective Time"), was cancelled, extinguished and converted into the right to receive a cash amount equal to US$60.00 per RSU (the "Cash Consideration") without interest and net of applicable tax withholdings.