CardConnect Corp. 4/A
4/A · CardConnect Corp. · Filed Jul 10, 2017
Insider Transaction Report
Form 4/AAmended
Abrams Amanda J
General Counsel
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2017-07-06−200,000→ 0 totalExercise: $13.95Exp: 2027-04-17→ Common Stock (200,000 underlying)
Footnotes (1)
- [F1]The options were issued as part of an employment inducement grant and were subject to vesting restrictions. Each such option, whether vested or unvested, was cancelled pursuant to the Agreement and Plan of Merger, dated as of May 26, 2017, by and among CardConnect Corp. (the "Company"), First Data Corporation, a Delaware corporation ("First Data"), and Minglewood Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of First Data, and converted into the right to receive a cash payment, without interest and subject to any required tax withholding, equal to the product of (a) the excess of $15.00 over the applicable exercise price per share of Company common stock, par value $0.001 (the "Shares"), underlying such option, multiplied by (b) the number of Shares underlying such option.