Khan Fareed A 4
4 · Foundation Building Materials, Inc. · Filed Jan 29, 2021
Insider Transaction Report
Form 4
Khan Fareed A
Director
Transactions
- Disposition to Issuer
Common Stock
2021-01-29$19.25/sh−13,743$264,553→ 0 total - Disposition to Issuer
Restricted Stock Unit
2021-01-29−5,232→ 0 total→ Common Stock (5,232 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of November 14, 2020 (the "Merger Agreement") by and among the Company, ASP Flag Intermediate Holdings, Inc., a Delaware corporation ("Parent") and ASP Flag Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), on January 29, 2021, Merger Sub merged with and into the Company, with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each share of common stock, par value $0.001 per share, of the Company (each, a "Share") was canceled and converted automatically into the right to receive $19.25 per share in cash, without interest and less any applicable tax withholdings.
- [F2]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one Share.
- [F3]Pursuant to the Merger Agreement, each RSU outstanding immediately prior to the consummation of the Merger was canceled and converted into the right to receive, without interest and less any applicable tax withholdings, $19.25 in cash.