SLACKMAN DAVID S 4
4 · ASTA FUNDING INC · Filed Oct 15, 2020
Insider Transaction Report
Form 4
ASTA FUNDING INCASFI
SLACKMAN DAVID S
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2020-09-29−7,500→ 0 totalExercise: $9.57Exp: 2022-12-18→ Common Stock (7,500 underlying) - Disposition to Issuer
Stock Option (right to buy)
2020-09-29−30,000→ 0 totalExercise: $7.63Exp: 2020-12-15→ Common Stock (30,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2020-09-29−5,000→ 0 totalExercise: $7.77Exp: 2021-12-13→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock, par value $.01 per share
2020-09-29$13.10/sh−14,500$189,950→ 0 total
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of April 8, 2020 (as amended, the "Merger Agreement") among Asta Funding, Inc. (the "Company"), Asta Finance Acquisition Inc., and Asta Finance Acquisition Sub Inc., these shares were cancelled and converted into the right to receive $13.10 in cash, without interest, less any applicable withholding taxes.
- [F2]Options were fully exercisable as of September 29, 2020.
- [F3]Pursuant to the Merger Agreement, each tendered option was cancelled in exchange for the right to receive cash consideration equal to (a) the product of (i) the excess, if any, of $13.10 over the exercise price per share of the Company's common stock subject to such Company stock option multiplied by (ii) the total number of shares of the Company's common stock subject to such Company stock option, without interest, less (b) such amounts as are required to be withheld or deducted under applicable tax provisions.