McAvoy Sherrie G 4
4 · NUMEREX CORP /PA/ · Filed Dec 11, 2017
Insider Transaction Report
Form 4
McAvoy Sherrie G
Director
Transactions
- Disposition to Issuer
Common Stock
2017-12-07−54,407→ 0 total
Footnotes (1)
- [F1]Pursuant to the merger agreement, dated as of August 2, 2017 (the "Merger Agreement"), by and among the Numerex Corp. (the "Issuer"), Sierra Wireless, Inc. ("Sierra Wireless") and Wireless Acquisition Sub, Inc. ("Merger Sub"), Merger Sub was merged with and into the Issuer on December 7, 2017 (the "Effective Time"), and the Issuer became a wholly-owned subsidiary of Sierra Wireless. Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into the right to receive 0.1800 of a share of Sierra Wireless common stock and cash in lieu of fractional shares of Sierra Wireless common stock. As of the Effective Time, the Sierra Wireless common stock had a market value of $21.60 per share.