4//SEC Filing
Gay Kelly H 4
Accession 0001415889-17-001924
CIK 0000870753other
Filed
Dec 10, 7:00 PM ET
Accepted
Dec 11, 4:10 PM ET
Size
7.8 KB
Accession
0001415889-17-001924
Insider Transaction Report
Form 4
Gay Kelly H
CHIEF OPERATING OFFICER
Transactions
- Disposition to Issuer
Common Stock
2017-12-07−5,613→ 0 total - Exercise/Conversion
Restricted Stock Units
2017-12-07−25,000→ 0 totalExercise: $0.00→ Common Stock (25,000 underlying)
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, (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.
Documents
Issuer
NUMEREX CORP /PA/
CIK 0000870753
Entity typeother
Related Parties
1- filerCIK 0001694702
Filing Metadata
- Form type
- 4
- Filed
- Dec 10, 7:00 PM ET
- Accepted
- Dec 11, 4:10 PM ET
- Size
- 7.8 KB