Luttrell Tracey 4

4 · ARC DOCUMENT SOLUTIONS, INC. · Filed Nov 22, 2024

Form 4

Period: 2024-11-22

Director

Transactions

Disposition to Issuer
Option (right to buy)
2024-11-22−45,000→ 0 total
Exercise: $2.25→ Common Stock (45,000 underlying)
Disposition to Issuer
Option (right to buy)
2024-11-22−20,000→ 0 total
Exercise: $1.28→ Common Stock (20,000 underlying)
Disposition to Issuer
Common Stock
2024-11-22$3.40/sh−18,948$64,423→ 0 total
Disposition to Issuer
Option (right to buy)
2024-11-22−50,000→ 0 total
Exercise: $2.65→ Common Stock (50,000 underlying)
Disposition to Issuer
Option (right to buy)
2024-11-22−47,500→ 0 total
Exercise: $3.69→ Common Stock (47,500 underlying)
Disposition to Issuer
Option (right to buy)
2024-11-22−47,500→ 0 total
Exercise: $3.21→ Common Stock (47,500 underlying)
Disposition to Issuer
Option (right to buy)
2024-11-22−7,500→ 0 total
Exercise: $2.38→ Common Stock (7,500 underlying)

Footnotes (4)

[F1]Represents securities disposed of under the Agreement and Plan of Merger (as amended, the 'Merger Agreement') dated August 27, 2024, by and among ARC Document Solutions, Inc. (the 'Company') TechPrint Holdings, LLC ('Parent'), TechPrint Merger Sub, Inc. ('Merger Sub'), under which Merger Sub merged with and into the Company (the 'Merger'), with the Company surviving as the surviving corporation ('Surviving Corporation') in the Merger.
[F2]Includes 17,277 shares acquired under the Company's Amended and Restated 2005 Employee Stock Purchase Plan, as amended. At the effective time of the Merger (the 'Effective Time'), each of these shares of common stock of the Company ('Shares') was cancelled and converted into the right to receive $3.40 (the 'Merger Consideration') in cash without interest thereon.
[F3]Under the Merger Agreement, at the Effective Time, each of these options, whether vested or unvested, was converted into the right to receive an amount in cash, without interest, equal to the product of (i) the amount by which the Merger Consideration exceeds the exercise price per share of such company option and (ii) the aggregate number of Shares remaining issuable upon exercise of such company option, less applicable taxes and authorized deductions.
[F4]Under the Merger Agreement, each of these options, whether vested or unvested, was cancelled without the payment of consideration.

Documents

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