Johns Raymond E Jr 4
4 · Air Transport Services Group, Inc. · Filed Apr 15, 2025
Insider Transaction Report
Form 4
Johns Raymond E Jr
Director
Transactions
- Disposition to Issuer
Common Stock
2025-04-11$22.50/sh−38,344$862,740→ 0 total - Exercise/Conversion
Common Stock
2025-04-11+12,714→ 12,714 total - Disposition to Issuer
Common Stock
2025-04-11$22.50/sh−12,714$286,065→ 0 total - Exercise/Conversion
Restricted Stock Units
2025-04-11−12,714→ 0 total→ Common Stock (12,714 underlying)
Footnotes (3)
- [F1]Represents securities disposed of under the Agreement and Plan of Merger by and between Air Transport Services Group, Inc. ("Company"), Stonepeak Nile Parent LLC, a Delaware limited liability company ("Parent") and Stonepeak Nile MergerCo Inc., a Delaware corporation and wholly-owned subsidiary of Parent, dated as of November 3, 2024 (the "Merger Agreement"). At the effective time of the merger contemplated by the Merger Agreement (the "Effective Time"), each issued and outstanding share of common stock of the Company ("Share") was cancelled and converted into the right to receive $22.50 in cash (the "Merger Consideration"), without interest thereon.
- [F2]Each restricted stock unit subject to one or more time-based vesting conditions ("Company RSUs") represented a contingent right to receive one Share upon vesting of the Company RSUs.
- [F3]Under the Merger Agreement, at the Effective Time, each Company RSU vested and was cancelled, with the holder of such Company RSU becoming entitled to receive a lump-sum cash payment, without interest, equal to the product, rounded to the nearest cent, of (i) the number of Shares subject to such Company RSU immediately prior to the Effective Time and (ii) the Merger Consideration.