LEE FRANCIS F 4
4 · ADESTO TECHNOLOGIES Corp · Filed Jul 1, 2020
Insider Transaction Report
Form 4
LEE FRANCIS F
Director
Transactions
- Disposition from Tender
Common Stock
2020-06-29$12.55/sh−27,848$349,492→ 0 total - Disposition to Issuer
Director Stock Option (right to buy)
2020-06-29−3,030→ 0 totalExercise: $10.00Exp: 2025-09-28→ Common Stock (3,030 underlying)
Footnotes (2)
- [F1]On February 20, 2020, Adesto Technologies Corporation (the "Company") entered into an Agreement and Plan of Merger (as it may be amended, supplemented or otherwise modified from time to time, the "Merger Agreement") with Dialog Semiconductor plc ("Dialog") and Azara Acquisition Corp., a wholly-owned direct or indirect subsidiary of Dialog ("Merger Sub"), pursuant to which Merger Sub was merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned direct or indirect subsidiary of Dialog. Pursuant to the Merger Agreement all shares of Company common stock outstanding immediately prior to the effective time of the Merger (the "Effective Time"), were canceled and converted automatically into the right to receive $12.55 in cash.
- [F2]Pursuant to the Merger Agreement, at the Effective Time, each Company stock option was cancelled and converted into the right to receive an amount in cash equal to (i) the difference between $12.55 and the exercise price of such stock option multiplied by (ii) the number of shares subject to such stock option.