Tropicana Las Vegas Hotel & Casino, Inc. 4
4 · Tropicana Las Vegas Hotel & Casino, Inc. · Filed Aug 27, 2015
Insider Transaction Report
Form 4
Krause Larry E.
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2015-08-25−4,000→ 0 total
Footnotes (2)
- [F1]Includes 1,000 restricted shares of Class A common stock awarded under the Company's non-employee equity plans that became vested and free of restrictions on August 25, 2015 pursuant to the terms of that certain Agreement and Plan of Merger, dated as of April 28, 2015 (the "Merger Agreement"), by and among Tropicana Las Vegas Hotel & Casino, Inc., Penn National Gaming, Inc., LV Merger Sub, Inc. and Trilliant Gaming Nevada Inc., as Stockholder Representative, in connection with the consummation of the transactions contemplated thereby (the "Merger").
- [F2]In connection with the closing of the Merger on August 25, 2015, each share of Class A common stock and preferred stock issued and outstanding immediately prior to the effective time of the Merger was converted into the right of the holder thereof to receive an amount in cash, without interest, equal to the per-share merger consideration calculated in accordance with the terms of the Merger Agreement. Upon the closing of the Merger, each share of Class A common stock was converted into the right to receive approximately $11.25, which amount is subject to post-closing adjustment in accordance with the terms of the Merger Agreement.