4//SEC Filing
ECMC Group, Inc. 4
Accession 0001235802-21-000051
CIK 0001550695other
Filed
May 25, 8:00 PM ET
Accepted
May 26, 4:53 PM ET
Size
7.9 KB
Accession
0001235802-21-000051
Insider Transaction Report
Form 4
ECMC Group, Inc.
10% Owner
Transactions
- Award
Common Stock Warrants (right to buy)
2021-05-24+515,110→ 515,110 totalExercise: $0.96From: 2021-05-24Exp: 2026-05-24→ Common Stock (515,110 underlying) - Other
Common Stock
2021-05-24$2.67/sh+300,000$801,000→ 1,485,406 total
Footnotes (2)
- [F1]On May 24, 2021, the reporting person became entitled to receive 300,000 shares of Performant Financial Corporation ("Performant") common stock pursuant to a final settlement of an "earn out" provision in the Agreement for Purchase of LLC Membership Interests (the "Purchase Agreement") dated August 9, 2018, as amended on January 9, 2019 and May 24, 2021, by and among ECMC Holdings Corporation and Performant, pursuant to which Performant acquired all of the outstanding membership interests of Premiere Credit of North America, LLC. The number of shares constitutes a settlement of any future earn out rights under the Purchase Agreement pursuant to the Second Amendment to the Purchase Agreement dated May 24, 2021.
- [F2]This warrant was acquired from Performant Financial Corporation in connection with and as a condition of a credit agreement dated as of August 7, 2017, as amended, between Performant Financial Corporation and ECMC Group, Inc.
Documents
Issuer
Performant Financial Corp
CIK 0001550695
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001682002
Filing Metadata
- Form type
- 4
- Filed
- May 25, 8:00 PM ET
- Accepted
- May 26, 4:53 PM ET
- Size
- 7.9 KB