National Interstate CORP 4
4 · National Interstate CORP · Filed Nov 14, 2016
Insider Transaction Report
Form 4
Brichler Ronald J
Director
Transactions
- Disposition to Issuer
Common Shares ($.01 par value)
2016-11-10$32.00/sh−1,000$32,000→ 0 total
Footnotes (1)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 25, 2016, by and among Great American Insurance Company, GAIC Alloy, Inc., and National Interstate Corporation (the "Company"), as amended by Amendment No. 1, dated as of August 15, 2016 (the "Agreement and Plan of Merger"). Pursuant to the Agreement and Plan of Merger, effective as of November 10, 2016, the Company's common shares were automatically cancelled and converted into the the right to receive $32.00 per share in cash. In addition, the Company declared a special cash dividend of $0.50 per common share payable to shareholders of record immediately prior to the effective time of the merger.