4//SEC Filing
Helding Erik M 4
Accession 0001567619-20-015950
CIK 0001561387other
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 3:12 PM ET
Size
8.5 KB
Accession
0001567619-20-015950
Insider Transaction Report
Form 4
Helding Erik M
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Appreciation Rights
2020-08-21−50,000→ 0 totalExercise: $23.40Exp: 2029-11-15→ Class A Common Stock (50,000 underlying) - Disposition from Tender
Class A Common Stock
2020-08-21$31.00/sh−30,000$930,000→ 0 total
Footnotes (4)
- [F1]On August 21, 2020, Daylight Beta Corp., a Delaware corporation ("Purchaser") and a wholly owned subsidiary of Daylight Beta Parent Corp., a Delaware corporation ("Parent"), successfully completed the tender offer ("Tender Offer") for all issued and outstanding shares of the common stock of Benefytt Technologies, Inc., a Delaware corporation (the "Issuer"), pursuant to that certain Agreement and Plan of Merger dated July 12, 2020 (the "Merger Agreement"), by and among Issuer, Parent and Purchaser. Following the Tender Offer, on August 21, 2020, Purchaser merged with and into Issuer with Issuer surviving the merger as a wholly owned and indirect subsidiary of Parent (the "Merger").
- [F2]Represents shares tendered to the Purchaser in connection with the Tender Offer.
- [F3]These stock-settled stock appreciation rights were granted under the Issuer's Long Term Incentive Plan and became vested in full immediately prior to the Merger.
- [F4]In accordance with the terms of the Merger Agreement, these stock-settled stock appreciation rights held by the reporting person were deemed to be fully vested and cancelled and converted as of immediately prior to the effective time of the Merger into the right to receive a cash payment, without interest, equal to the product of: (i) the aggregate number of shares of the Issuer's Common Stock underlying these stock-settled stock appreciation rights, multiplied by (ii) the excess of $31.00 over the per share exercise price of such stock-settled stock appreciation rights, less any taxes required to be withheld.
Documents
Issuer
Benefytt Technologies, Inc.
CIK 0001561387
Entity typeother
Related Parties
1- filerCIK 0001672583
Filing Metadata
- Form type
- 4
- Filed
- Aug 24, 8:00 PM ET
- Accepted
- Aug 25, 3:12 PM ET
- Size
- 8.5 KB