4//SEC Filing
Hass A John 4
Accession 0001209191-20-055079
CIK 0001351285other
Filed
Oct 15, 8:00 PM ET
Accepted
Oct 16, 5:04 PM ET
Size
17.2 KB
Accession
0001209191-20-055079
Insider Transaction Report
Form 4
Hass A John
Director
Transactions
- Disposition to Issuer
Restricted Stock Unit
2020-10-15−3,067→ 0 total→ Common Stock (3,067 underlying) - Disposition to Issuer
Stock Option (right to buy)
2020-10-15−5,031→ 0 totalExercise: $9.04Exp: 2024-11-18→ Common Stock (5,031 underlying) - Disposition to Issuer
Stock Option (right to buy)
2020-10-15−458,962→ 0 totalExercise: $7.10Exp: 2026-04-04→ Common Stock (458,962 underlying) - Disposition to Issuer
Common Stock
2020-10-15$30.00/sh−491,383$14,741,490→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2020-10-15−444,000→ 0 totalExercise: $7.95Exp: 2025-04-14→ Common Stock (444,000 underlying) - Disposition to Issuer
Common Stock
2020-10-15$30.00/sh−196,568$5,897,040→ 0 total
Footnotes (5)
- [F1]Pursuant to the terms of that certain Agreement and Plan of Merger, dated August 29, 2020, by and among the Issuer, Cambium Holding Corp., a Delaware corporation ("Parent"), and Empower Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of Parent (the "Merger Agreement"), immediately prior to the Effective Time (as defined in the Merger Agreement), each issued and outstanding share of common stock, $0.00005 par value per share, of the Company ("Common Stock"), including any outstanding Company restricted shares, was cancelled and the Reporting Person was entitled to receive, in respect of each share of Common Stock, an amount (subject to any applicable withholding tax) in cash equal to $30.00.
- [F2]Pursuant to the terms of the Merger Agreement, immediately prior to the Effective Time, each performance share unit ("PSU") that was outstanding and has not been settled was cancelled, and the Reporting Person was entitled to receive an amount in cash equal to $30.00 times the number of shares of common stock underlying such PSU deemed earned based on projected performance against relevant performance goals based on July 2020 forecasts.
- [F3]Each restricted stock unit ("RSU") represents the right to receive one share of Common Stock.
- [F4]Pursuant to the terms of the Merger Agreement, immediately prior to the Effective Time (as defined in the Merger Agreement), each RSU, whether vested or unvested, that was outstanding vested in full and was cancelled, and the Reporting Person was entitled to receive, in respect of each share of Common Stock subject to such RSU, an amount (subject to any applicable withholding tax) in cash equal to $30.00.
- [F5]Pursuant to the terms of the Merger Agreement, immediately prior to the Effective Time, each stock option that was outstanding and unexercised vested in full and was cancelled, and the Reporting Person was entitled to receive, in respect of each share of Common Stock subject to such stock option, an amount (subject to any applicable withholding tax) in cash equal to $30.00 minus the exercise price per share subject to such stock option.
Documents
Issuer
ROSETTA STONE INC
CIK 0001351285
Entity typeother
Related Parties
1- filerCIK 0001398116
Filing Metadata
- Form type
- 4
- Filed
- Oct 15, 8:00 PM ET
- Accepted
- Oct 16, 5:04 PM ET
- Size
- 17.2 KB