4//SEC Filing
Luttrell Tracey 4
Accession 0001305168-24-000090
CIK 0001305168other
Filed
Nov 21, 7:00 PM ET
Accepted
Nov 22, 7:51 PM ET
Size
18.4 KB
Accession
0001305168-24-000090
Insider Transaction Report
Form 4
Luttrell Tracey
Director
Transactions
- Disposition to Issuer
Option (right to buy)
2024-11-22−45,000→ 0 totalExercise: $2.25→ Common Stock (45,000 underlying) - Disposition to Issuer
Option (right to buy)
2024-11-22−20,000→ 0 totalExercise: $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 totalExercise: $2.65→ Common Stock (50,000 underlying) - Disposition to Issuer
Option (right to buy)
2024-11-22−47,500→ 0 totalExercise: $3.69→ Common Stock (47,500 underlying) - Disposition to Issuer
Option (right to buy)
2024-11-22−47,500→ 0 totalExercise: $3.21→ Common Stock (47,500 underlying) - Disposition to Issuer
Option (right to buy)
2024-11-22−7,500→ 0 totalExercise: $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
Issuer
ARC DOCUMENT SOLUTIONS, INC.
CIK 0001305168
Entity typeother
Related Parties
1- filerCIK 0001811751
Filing Metadata
- Form type
- 4
- Filed
- Nov 21, 7:00 PM ET
- Accepted
- Nov 22, 7:51 PM ET
- Size
- 18.4 KB