UNITED ONLINE INC 4
4 · UNITED ONLINE INC · Filed Jul 6, 2016
Insider Transaction Report
Form 4
DENMAN KENNETH D
Director
Transactions
- Disposition to Issuer
Common Stock
2016-07-01$11.00/sh−7,138$78,518→ 0 total
Footnotes (2)
- [F1]Includes shares subject to restricted stock unit awards that were to be issued as those awards vested. These restricted stock unit awards were cancelled and entitled the Reporting Person to $11.00 per award in cash in connection with the merger described below.
- [F2]In connection with the merger of Unify Merger Sub, Inc. ("Merger Sub"), a wholly-owned subsidiary of B. Riley Financial, Inc. ("BRF") with and into United Online, Inc. ("United") on July 1, 2016 pursuant to the Agreement and Plan of Merger, dated May 4, 2016, by and among BRF, Merger Sub and United, the Reporting Person received $11.00 per share in cash, subject to applicable tax withholding, in exchange for each share of United common stock and each restricted stock unit award reported herein.