4//SEC Filing
Avalos Jorge 4
Accession 0001305168-24-000094
CIK 0001305168other
Filed
Nov 21, 7:00 PM ET
Accepted
Nov 22, 7:52 PM ET
Size
34.2 KB
Accession
0001305168-24-000094
Insider Transaction Report
Form 4
Avalos Jorge
Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
2024-11-22−91,706→ 467,237 total - Tax Payment
Common Stock
2024-11-22−12,834→ 463,548 total - Tax Payment
Common Stock
2024-11-22−252,578→ 495,485 total - Tax Payment
Common Stock
2024-11-22−160,851→ 499,634 total - Disposition to Issuer
Employee Stock Option (right to buy)
2024-11-22−165,000→ 0 totalExercise: $3.21→ Common Stock (165,000 underlying) - Tax Payment
Common Stock
2024-11-22−55,000→ 498,347 total - Tax Payment
Common Stock
2024-11-22−21,965→ 476,382 total - Tax Payment
Common Stock
2024-11-22−6,417→ 457,131 total - Other
Common Stock
2024-11-22+101,812→ 558,943 total - Disposition to Issuer
Employee Stock Option (right to buy)
2024-11-22−65,000→ 0 totalExercise: $3.69→ Common Stock (65,000 underlying) - Other
Common Stock
2024-11-22+280,826→ 748,063 total - Other
Common Stock
2024-11-22+165,000→ 660,485 total - Disposition to Issuer
Employee Stock Option (right to buy)
2024-11-22−101,812→ 0 totalExercise: $2.65→ Common Stock (101,812 underlying) - Other
Common Stock
2024-11-22−499,634→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2024-11-22−76,048→ 0 totalExercise: $3.69→ Common Stock (76,048 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2024-11-22−280,826→ 0 totalExercise: $2.64→ Common Stock (280,826 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2024-11-22−33,000→ 0 totalExercise: $8.89→ Common Stock (33,000 underlying)
Footnotes (7)
- [F1]On November 22, 2024, pursuant to 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'), Merger Sub merged with and into the Company (the 'Merger'), with the Company surviving as the surviving corporation ('Surviving Corporation') in the Merger.
- [F2]Represents shares of Company common stock ('Shares') disposed of to satisfy applicable tax liabilities on unvested restricted stock which, immediately prior to the effective time of the Merger ('Effective Time'), were cancelled and converted into the right to receive a number of Shares equal to the quotient of (i) the number of unvested Shares covered thereby multiplied by $3.40 (the 'Merger Consideration') in cash without interest thereon, less applicable taxes and authorized deductions, divided by (ii) the Merger Consideration, rounded down to the nearest whole Share.
- [F3]Represents Shares acquired by the Reporting Person, pursuant to the Merger Agreement, immediately prior to the Effective Time in exchange for cancelled and converted vested and unvested options reported herein.
- [F4]Represents Shares disposed of to satisfy applicable tax liabilities, pursuant to the Merger Agreement, for the cancellation and conversion, immediately prior to the Effective Time, of vested and unvested options reported herein.
- [F5]Under the Merger Agreement and Rollover Agreement, dated August 27, 2024 by and between Parent and the Company stockholders listed on Schedule A thereto (as amended, the 'Rollover Agreement'), immediately prior to the Effective Time, each of these Shares was exchanged for a common unit of Parent.
- [F6]Under the Merger Agreement, immediately prior to the Effective Time, each of these options, whether vested or unvested, was cancelled and converted into the number of Shares equal to the quotient of (i) the product of (a) the amount by which the Merger Consideration exceeds the exercise price per share of such option and (b) the aggregate number of shares issuable upon exercise of such option, less applicable taxes and authorized deductions, divided by (ii) the Merger Consideration, rounded down to the nearest whole share.
- [F7]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 0001518184
Filing Metadata
- Form type
- 4
- Filed
- Nov 21, 7:00 PM ET
- Accepted
- Nov 22, 7:52 PM ET
- Size
- 34.2 KB