Manzoor Adeel 4
4 · Telenav, Inc. · Filed Feb 19, 2021
Insider Transaction Report
Form 4
Telenav, Inc.TNAV
Manzoor Adeel
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2021-02-17$4.80/sh−26,363$126,542→ 0 total - Disposition to Issuer
Performance Stock Units
2021-02-17−60,000→ 0 totalExercise: $0.00Exp: 2024-10-01→ Common Stock (60,000 underlying)
Footnotes (2)
- [F1]Each outstanding share of the Common Stock of the Issuer was converted into the right to receive $4.80 per share in cash, as described in the Agreement and Plan of Merger ("Merger Agreement") dated as of February 17, 2021, a copy of which is filed as Exhibit 99.1 to the Issuer's Form 8-K filed with the SEC on February 17, 2021.
- [F2]These securities were performance-based restricted stock units ("PSUs") that represented the Reporting Person's right to receive Common Stock of the Issuer. The PSUs were cancelled without any further consideration, as described in the Merger Agreement.