Maier Paul Karl 4
4 · ConvergeOne Holdings, Inc. · Filed Jan 4, 2019
Insider Transaction Report
Form 4
Maier Paul Karl
President, Services Org.
Transactions
- Other
Common Stock
2019-01-04−185,435→ 185,435 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2019-01-04$12.50/sh−521,368$6,517,100→ 0 total(indirect: By Trust) - Disposition to Issuer
Stock Option ( Right to Buy)
2019-01-04−135,000→ 0 totalExercise: $9.24Exp: 2028-08-09→ Common Shares (135,000 underlying) - Disposition to Issuer
Stock Option ( Right to Buy)
2019-01-04−67,500→ 0 totalExercise: $12.24Exp: 2028-08-09→ Common Stock (67,500 underlying) - Disposition to Issuer
Stock Option ( Right to Buy)
2019-01-04−67,500→ 0 totalExercise: $15.24Exp: 2028-08-09→ Common Stock (67,500 underlying)
Footnotes (3)
- [F1]Shares were disposed of pursuant to the rollover agreement dated November 6, 2018 between the reporting person and PVKG Investment Holdings, Inc. ("Purchaser") in exchange for shares of common stock of Purchaser, valuing the contributed shares at $12.50 per share.
- [F2]Consists of shares of common stock disposed of pursuant to the agreement and plan of merger, dated November 6, 2018, among Purchaser, PVKG Merger Sub, Inc., a wholly owned subsidiary of Purchaser, and ConvergeOne Holdings, Inc. (the "Merger Agreement"), in exchange for $12.50 per share.
- [F3]In connection with the Merger Agreement, each option to acquire shares of Common Stock of Issuer outstanding and unexercised was canceled, extinguished and terminated for no consideration or payment.