4//SEC Filing
MORSE PETER C 4
Accession 0001214659-17-006529
CIK 0001518222other
Filed
Nov 7, 7:00 PM ET
Accepted
Nov 8, 4:30 PM ET
Size
8.4 KB
Accession
0001214659-17-006529
Insider Transaction Report
Form 4
Bankrate, Inc.RATE
MORSE PETER C
Director
Transactions
- Disposition to Issuer
Common Stock
2017-11-08−2,621,531→ 0 total - Disposition to Issuer
Common Stock
2017-11-08−706,158→ 0 total(indirect: 2016 GRAT)
Footnotes (2)
- [F1]Total amount of 2,621,531 shares of common stock, which shares were converted into the right to receive the Merger Consideration as described in footnote 2, accounts for the distribution to the reporting person of (i) 239,903 shares as an annuity payment from the 2015 grantor retained annuity trust ("GRAT") #1 on July 16, 2017, (ii) 325,023 shares as an annuity payment from the 2015 GRAT #2 on October 6, 2017 and (iii) 293,842 shares as an annuity payment from the 2016 GRAT on October 6, 2017.
- [F2]At the Effective Time, (i) each issued and outstanding share of common stock of the Company was cancelled and converted into the right to receive $14.00 in cash, without interest (the "Merger Consideration"), and (ii) each outstanding restricted stock award and restricted stock unit award became fully vested (in the case of awards that vested solely based on continued service) or became vested to the extent provided for in the applicable award agreement (in the case of awards that vested based on performance conditions for which the performance period was not complete, with performance determined in accordance with the Merger Agreement) and was cancelled and converted into the right to receive the Merger Consideration in respect of each vested share of common stock of the Company subject to such award, in each case subject to applicable withholding taxes.
Documents
Issuer
Bankrate, Inc.
CIK 0001518222
Entity typeother
Related Parties
1- filerCIK 0001204804
Filing Metadata
- Form type
- 4
- Filed
- Nov 7, 7:00 PM ET
- Accepted
- Nov 8, 4:30 PM ET
- Size
- 8.4 KB