RAND JONATHAN 4
4 · Straight Path Communications Inc. · Filed Feb 28, 2018
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2018-02-28−10,000→ 0 totalExercise: $50.00Exp: 2019-06-16→ Class B Common Stock, par value $.01 per share (10,000 underlying) - Disposition to Issuer
Class B Common Stock, par value $.01 per share
2018-02-28−64,162→ 0 total - Disposition to Issuer
Class B Common Stock, par value $.01 per share
2018-02-28−750→ 0 total(indirect: By IRA) - Disposition to Issuer
Class B Common Stock, par value $.01 per share
2018-02-28−410→ 0 total(indirect: By 401(k))
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 11, 2017, by and among Straight Path Communications Inc. ("Straight Path"), Verizon Communications Inc. ("Verizon") and Waves Merger Sub I, Inc., a wholly-owned subsidiary of Verizon ("Merger Sub"), pursuant to which, among other things, Merger Sub was merged with and into the Company in a merger that became effective on February 28, 2018.
- [F2]Disposed of pursuant to the Merger Agreement in exchange for a number of Verizon shares calculated pursuant to the Merger Agreement based on the excess of the per share merger consideration over the applicable per share option exercise price.