Cowell Janet Raye 4
4 · CHANNELADVISOR CORP · Filed Nov 15, 2022
Insider Transaction Report
Form 4
Cowell Janet Raye
Director
Transactions
- Disposition to Issuer
Common Stock
2022-11-15−20,829→ 8,384 total - Disposition to Issuer
Common Stock
2022-11-15−8,384→ 0 total
Footnotes (3)
- [F1]On November 15, 2022, the effective date (the "Effective Date") of the merger between the Issuer, CommerceHub, Inc., a Delaware corporation ("CommerceHub") and CH Merger Sub, Inc., a Delaware corporation ("CH Merger Sub") and a wholly owned subsidiary of CommerceHub pursuant to which CH Merger Sub merged with and into the Issuer with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of CommerceHub (the "Merger"), each share of the Issuer's common stock was cancelled in exchange for $23.10 per share.
- [F2]The security represents restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
- [F3]On the Effective Date, pursuant to the Merger, these restricted stock units were cancelled in exchange for a cash payment equal to (A) the total number of shares of common stock underlying such restricted stock units, multiplied by (B) $23.10.