Peter A. Bordes Marital Trust 5
5 · BEASLEY BROADCAST GROUP INC · Filed Feb 9, 2018
Insider Transaction Report
Form 5
Transactions
- Other
Class A Common Stock
2017-12-29$4.61/sh−56,136.585$258,790→ 171,361.23 total
Footnotes (2)
- [F1]Includes 19,736.93 shares surrendered to Beasley Broadcast Group, Inc. (the "Issuer") and 36,399.655 shares released to the Issuer from escrow, in connection with the Agreement and Plan of Merger dated July 19, 2016, by and among the Issuer, Greater Media, Inc. ("Greater Media"), Beasley Media Group 2, Inc., an indirect wholly owned subsidiary of the Issuer ("Merger Sub"), and Peter A. Bordes, Jr., as the stockholders' representative (the "Stockholders' Representative"), pursuant to which, on November 1, 2016 (the "Effective Time"), Merger Sub was merged with and into Greater Media, with Greater Media surviving the merger as an indirect wholly owned subsidiary of the Issuer (the "Merger"), and pursuant to the Settlement Agreement (the "Settlement Agreement"), dated December 29, 2017, by and among the Issuer, Greater Media and the Stockholders' Representative, in full satisfaction of the Reporting Person's obligations with respect to (continued in next footnote)
- [F2](i) certain purchase price and other adjustments under Section 1.7 of the Merger Agreement, and (ii) resolution of certain other claims between the Issuer and BFTW LLC.