4//SEC Filing
Battista Gabriel 4
Accession 0001214659-18-003508
CIK 0001387713other
Filed
May 8, 8:00 PM ET
Accepted
May 9, 5:45 PM ET
Size
8.9 KB
Accession
0001214659-18-003508
Insider Transaction Report
Form 4
BATTISTA GABRIEL
Director
Transactions
- Disposition to Issuer
Stock Options (Right to buy)
2018-05-07−100,000→ 0 totalExercise: $0.44→ Common Stock (100,000 underlying) - Disposition to Issuer
Common Stock
2018-05-07$0.84/sh−660,067$554,456→ 0 total(indirect: By Trust)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of March 26, 2018 (the "Merger Agreement"), by and among the Company, WME Entertainment Parent, LLC, a Delaware limited liability company ("Parent"), and Lion Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"), on May 7, 2018, Merger Sub merged with and into the Company, with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each share of common stock, par value $0.01 per share, of the Company (each, a "Share") was canceled and converted automatically into the right to receive $0.84 per share in cash without interest and less any applicable tax withholdings.
- [F2]Pursuant to the Merger Agreement, each stock option outstanding immediately prior to the consummation of the Merger, whether then unvested or vested, by virtue of the Merger and without any action by the holder, was canceled and converted into only the right to receive an amount in cash, without interest and less any applicable tax withholdings, equal to the product of (x) the number of Shares issuable under such option and (y) the excess, if any, of (i) $0.84 minus (ii) the exercise price payable in respect of each Share issuable under such option (the "Option Consideration"); provided, however, that the Option Consideration for each option with an exercise price equal to or greater than $0.84 was $0.
- [F3]The reported shares are held in a trust for which Mr. Battista serves as trustee.
Documents
Issuer
NEULION, INC.
CIK 0001387713
Entity typeother
Related Parties
1- filerCIK 0001180352
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 5:45 PM ET
- Size
- 8.9 KB