Sartain Elizabeth P 4
4 · SHUTTERFLY INC · Filed Sep 26, 2019
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
Sartain Elizabeth P
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2019-09-25−5,439→ 0 total→ Common Stock (5,439 underlying) - Disposition to Issuer
Common Stock
2019-09-25−9,240→ 0 total
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger among the Issuer, Photo Holdings, LLC and Photo Holdings Merger Sub, Inc. dated as of June 10, 2019 (the "Merger Agreement"), the shares of common stock were cancelled and converted into the right to receive $51.00 in cash per share.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Issuer upon vesting.
- [F3]Pursuant to the Merger Agreement, the vesting of all outstanding RSUs accelerated so that the RSUs became fully vested, and the RSUs were cancelled and converted into the right to receive $51.00 in cash per outstanding RSU, payable in accordance with and subject to the terms of the Merger Agreement.