GAN SHU 4
4 · NUMEREX CORP /PA/ · Filed Dec 11, 2017
Insider Transaction Report
Form 4
GAN SHU
Chief Marketing Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-12-07−18,527→ 0 totalExercise: $0.00→ Common Stock (18,527 underlying) - Disposition to Issuer
Common Stock
2017-12-07−9,383→ 0 total
Footnotes (1)
- [F1]Pursuant to the merger agreement, dated as of August 2, 2017 (the "Merger Agreement"), by and among 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, (i) 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 (the "Merger Consideration") and (ii) each outstanding restricted stock unit fully vested and was cancelled and converted automatically into the right to receive the Merger Consideration in respect of each share of the Issuer's common stock underlying such award, less shares withheld to pay applicable withholding taxes. As of the Effective Time, the Sierra Wireless common stock had a market value of $21.60 per share.