NAVARRE CORP /MN/ 4
4 · NAVARRE CORP /MN/ · Filed Jul 11, 2013
Insider Transaction Report
Form 4
Zisk Jeffrey B.
DirectorPresident of SpeedFC10% Owner
Transactions
- Award
Common Stock
2013-07-10$1.69/sh+44,226$74,857→ 1,457,117 total(indirect: By Partnership) - Award
Common Stock
2013-07-10$1.69/sh+11,056$18,713→ 364,323 total(indirect: By Partnership) - Award
Common Stock
2013-07-10$1.69/sh+296,719$502,227→ 9,779,934 total
Footnotes (2)
- [F1]Issuance by the Issuer of its common stock in connection with the contingent consideration component for the SpeedFC Merger Transaction as approved by the Issuer's shareholders on November 20, 2012 and described in the Issuer's Current Report on Form 8-K, filed on November 21, 2012. The Reporting Person's contingent right to receive additional shares became fixed and irrevocable on November 20, 2012, the effective date of the merger.
- [F2]For the purpose of determining the number of shares of Common Stock issuable as contingent consideration payable to the SpeedFC equity holders, the Merger Agreement, as amended, provided that the Issuer's common stock would be valued at $1.6926. No additional consideration was paid by the Reporting Person to the Issuer in connection with this issuance of shares.