4//SEC Filing
Smith Steven F 4
Accession 0001213900-24-060238
CIK 0001505611other
Filed
Jul 8, 8:00 PM ET
Accepted
Jul 9, 8:01 PM ET
Size
11.0 KB
Accession
0001213900-24-060238
Insider Transaction Report
Form 4
Smith Steven F
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Common Stock
2024-07-05$10.22/sh−902,355$9,222,068→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2024-07-05$3.70/sh−24,521$90,728→ 0 totalExercise: $6.52Exp: 2028-04-26→ Common Stock (24,521 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2024-07-05$6.96/sh−10,416$72,495→ 0 totalExercise: $3.26Exp: 2026-01-28→ Common Stock (10,416 underlying)
Footnotes (3)
- [F1]Pursuant to that certain Agreement and Plan of Merger, dated as of April 30, 2024, by and among DecisionPoint Systems, Inc. (the "Company"), Barcoding Derby Buyer, Inc. ("Parent"), and Derby Merger Sub, Inc. ("MergerCo"), MergerCo merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each share of the Company's common stock that was issued and outstanding immediately prior to the Effective Time was automatically cancelled and converted into the right to receive $10.22 per share in cash (the "Merger Consideration"), without interest and subject to any applicable tax withholdings.
- [F2]Pursuant to the Merger Agreement, at the Effective Time, the 300,000 outstanding restricted stock units ("RSUs") held by the reporting person vested and were cancelled and automatically converted into the right to receive the Merger Consideration for each share of the Company's common stock subject to the RSUs, subject to any required tax withholdings.
- [F3]Pursuant to the Merger Agreement, at the Effective Time, all outstanding stock options held by the reporting person were cancelled and automatically converted into the right to receive the product of (a) the aggregate number of shares of the Company's common stock subject to the options, multiplied by (b) the excess, if any, of the Merger Consideration over such option's applicable per share exercise price, subject to any required tax withholdings.
Documents
Issuer
DecisionPoint Systems, Inc.
CIK 0001505611
Entity typeother
Related Parties
1- filerCIK 0001919860
Filing Metadata
- Form type
- 4
- Filed
- Jul 8, 8:00 PM ET
- Accepted
- Jul 9, 8:01 PM ET
- Size
- 11.0 KB