Mayer Travis 4
4 · Intrawest Resorts Holdings, Inc. · Filed Jul 31, 2017
Insider Transaction Report
Form 4
Mayer Travis
SVP, Finance and Business Dev
Transactions
- Disposition to Issuer
Restricted Stock Unit
2017-07-31$23.75/sh−31,357$744,729→ 0 total→ Common Stock (31,357 underlying) - Disposition to Issuer
Common Stock
2017-07-31$23.75/sh−55,593$1,320,334→ 0 total
Footnotes (3)
- [F1]On April 7, 2017, Intrawest Resorts Holdings, Inc. ("IRHI") entered into an Agreement and Plan of Merger with Hawk Holding Company, LLC, Hawk Holding Company, Inc., and Hawk Merger Sub, Inc., pursuant to which Hawk Merger Sub, Inc. would be merged with and IRHI, with IRHI continuing as the Surviving Company (the "Merger"). Upon closing of the Merger on July 31, 2017, each share of Common Stock issued and outstanding was converted into the right to receive $23.75 in cash and each restricted stock unit ("RSU") was terminated and canceled for the right to receive a single lump sum cash payment equal to $23.75 per RSU.
- [F2]At grant, each RSU represented the right to receive either one share of IRHI common stock ("Common Stock") or an amount of cash equal to the fair market value of one share of Common Stock.
- [F3]On June 30, 2017, the reporting person was granted 31,357 RSUs which vest on the earlier of November 20, 2017 and a Change in Control (as defined in the Intrawest Resorts Holdings, Inc. 2014 Omnibus Incentive Plan). Pursuant to the Merger Agreement, the RSUs vested in full upon closing of the Merger on July 31, 2017.