4//SEC Filing
Hulett Mathew N 4
Accession 0001209191-20-055080
CIK 0001351285other
Filed
Oct 15, 8:00 PM ET
Accepted
Oct 16, 5:05 PM ET
Size
7.5 KB
Accession
0001209191-20-055080
Insider Transaction Report
Form 4
Hulett Mathew N
President, Language
Transactions
- Disposition to Issuer
Common Stock
2020-10-15$30.00/sh−35,802$1,074,060→ 0 total - Disposition to Issuer
Common Stock
2020-10-15$30.00/sh−78,254$2,347,620→ 0 total
Footnotes (2)
- [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. Includes 55,919 Company restricted shares outstanding immediately prior to the Effective Time.
- [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.
Documents
Issuer
ROSETTA STONE INC
CIK 0001351285
Entity typeother
Related Parties
1- filerCIK 0001713988
Filing Metadata
- Form type
- 4
- Filed
- Oct 15, 8:00 PM ET
- Accepted
- Oct 16, 5:05 PM ET
- Size
- 7.5 KB