Chen Samuel 4
4 · Telenav, Inc. · Filed Feb 19, 2021
Insider Transaction Report
Form 4
Telenav, Inc.TNAV
Chen Samuel
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2021-02-17$4.80/sh−54,183$260,078→ 0 total - Disposition to Issuer
Common Stock
2021-02-17$4.80/sh−7,313,467$35,104,642→ 0 total(indirect: Digital Mobile Ventures) - Disposition to Issuer
Non Qualified Stock Option
2021-02-17−4,166→ 0 totalExercise: $9.37From: 2012-12-31Exp: 2021-11-15→ CommonStock (4,166 underlying) - Disposition to Issuer
Non Qualified Stock Option
2021-02-17−8,300→ 0 totalExercise: $5.85From: 2017-11-17Exp: 2026-11-17→ Common Stock (8,300 underlying) - Disposition to Issuer
Non Qualified Stock Option
2021-02-17−15,000→ 0 totalExercise: $6.86From: 2017-11-17Exp: 2026-11-17→ Common Stock (15,000 underlying)
Footnotes (3)
- [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]Represents shares held by Digital Mobile Ventures Ltd., over which shares Mr. Chen and his spouse Fiona Chang share voting and dispositive powers.
- [F3]Each outstanding option of the Issuer was cancelled without any cash payment or other consideration, as described in the Merger Agreement.