BAER RICHARD N 4
4 · Liberty Expedia Holdings, Inc. · Filed Jul 30, 2019
Insider Transaction Report
Form 4
BAER RICHARD N
Chief Legal Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy) - LEXEA
2019-07-26−39,445→ 0 totalExercise: $38.07Exp: 2023-12-31→ Series A Common Stock (39,445 underlying)
Footnotes (2)
- [F1]The options vest 50% on December 31, 2019 and 50% on December 31, 2020.
- [F2]Pursuant to the terms of the Merger Agreement (as defined in the Remarks section), such stock option of the Issuer was accelerated and converted into the right to receive cash (without interest) in an amount equal to the product of (1) the excess (if any) of the per share cash equivalent consideration (calculated by multiplying 0.36 by the volume weighted average closing price of one share of Parent's (as defined in the Remarks section) common stock for the ten consecutive trading days ending on July 25, 2019) over the per share exercise price of such Issuer stock option, multiplied by (2) the number of shares of the Issuer's Series A common stock and Series B common stock subject to such Issuer stock option immediately prior to the effective time of the Merger (as defined in the Remarks section), less applicable tax withholdings.