4//SEC Filing
Paul Kevin T. 4
Accession 0001209191-18-041156
CIK 0001487986other
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 4:57 PM ET
Size
9.5 KB
Accession
0001209191-18-041156
Insider Transaction Report
Form 4
Paul Kevin T.
SVP - Technology
Transactions
- Tax Payment
Common Stock
2018-07-02−6,109→ 27,782 total - Award
Common Stock
2018-07-02+10,398→ 33,891 total - Disposition to Issuer
Common Stock
2018-07-02−27,782→ 0 total
Footnotes (4)
- [F1]Represent shares of Common Stock issued upon acceleration and settlement of the performance-based portion of restricted stock units ("RSUs") granted on March 9, 2015, March 3, 2016, March 9, 2017 and March 8, 2018 pursuant to the Agreement and Plan of Merger, dated as of July 9, 2017, among Cincinnati Bell Inc. ("Cincinnati Bell"), Twin Acquisition Corp. and Hawaiian Telcom Holdco Inc. ("Hawaiian Telcom") (the "Merger Agreement").
- [F2]Shares withheld by the Issuer in payment of the withholding tax liability relating to settlement of time-based and performance-based RSUs in connection with the Merger. The amount of shares withheld is based on the closing price on June 29, 2018.
- [F3]Disposed of as of July 2, 2018 pursuant to the Merger Agreement, at the effective time of the transaction contemplated in the Merger Agreement (the "Merger"). Pursuant to the Merger Agreement, each share of Hawaiian Telcom common stock held by the Reporting Person was converted, at the Reporting Person's option and subject to proration procedures as set forth in the Merger Agreement, into (i) 1.6305 common shares of Cincinnati Bell, (ii) 0.6522 common shares of Cincinnati Bell plus $18.45 in cash or (iii) $30.75 in cash, in each case without interest and with fractional shares paid in cash.
- [F4](Continued from Footnote 3) Because the proration procedures have not been completed as of the date of this filing, it is not possible to determine the exact merger consideration to be received by the Reporting Person for each share of Hawaiian Telcom common stock disposed of in the Merger. The closing price of Cincinnati Bell's common shares on July 2, 2018 was $15.65.
Documents
Issuer
Hawaiian Telcom Holdco, Inc.
CIK 0001487986
Entity typeother
Related Parties
1- filerCIK 0001527617
Filing Metadata
- Form type
- 4
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 4:57 PM ET
- Size
- 9.5 KB