4//SEC Filing
Dubin Cynthia S 4
Accession 0001415889-23-012561
CIK 0001528930other
Filed
Aug 22, 8:00 PM ET
Accepted
Aug 23, 4:15 PM ET
Size
11.6 KB
Accession
0001415889-23-012561
Insider Transaction Report
Form 4
Franchise Group, Inc.FRG FRGAP
Dubin Cynthia S
Director
Transactions
- Exercise/Conversion
Common Stock
2023-08-21+3,260→ 7,623 total - Disposition to Issuer
Common Stock
2023-08-21−3,260→ 4,363 total - Disposition to Issuer
Common Stock
2023-08-21−4,363→ 0 total - Exercise/Conversion
Restricted Stock Units
2023-08-21−3,260→ 0 total→ Common Stock (3,260 underlying)
Footnotes (5)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of May 10, 2023 (the "Merger Agreement"), by and among Franchise Group, Inc., a Delaware corporation, Freedom VCM, Inc., a Delaware corporation (the "Parent"), and Freedom VCM Subco, Inc., a Delaware corporation and wholly owned subsidiary of the Parent, at the Effective Time (as defined therein), each outstanding restricted stock unit automatically accelerated and vested in full, and converted into the right to receive, without interest, an amount in cash equal to the product obtained by multiplying (A) the number of shares of common stock subject to such restricted stock unit immediately prior to the Effective Time (as defined in the Merger Agreement) by (B) $30.00, less applicable taxes required to be withheld.
- [F2]Disposed of in connection with the transactions contemplated by the Merger Agreement.
- [F3]Pursuant to the Merger Agreement, each share of common stock reported in this row was converted into the right to receive a cash payment (without interest and subject to any applicable taxes) equal to the per share merger consideration of $30.00. As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Franchise Group, Inc. common stock.
- [F4]When granted, each unit represented a contingent right to receive one share of Franchise Group, Inc. common stock.
- [F5]The restricted stock unit award was granted on February 24, 2023 and was subject to vesting in full on February 24, 2024.
Documents
Issuer
Franchise Group, Inc.
CIK 0001528930
Entity typeother
Related Parties
1- filerCIK 0001645021
Filing Metadata
- Form type
- 4
- Filed
- Aug 22, 8:00 PM ET
- Accepted
- Aug 23, 4:15 PM ET
- Size
- 11.6 KB