4//SEC Filing
UNITED ONLINE INC 4
Accession 0001615774-16-006239
CIK 0001142701operating
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 5:35 PM ET
Size
8.2 KB
Accession
0001615774-16-006239
Insider Transaction Report
Form 4
ZINSER EDWARD K
EVP & Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2016-07-01$0.54/sh−150,000$81,000→ 0 totalExercise: $10.46Exp: 2024-07-23→ Common Stock (150,000 underlying) - Disposition to Issuer
Common Stock
2016-07-01$11.00/sh−86,018$946,198→ 0 total
Footnotes (3)
- [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.
- [F3]This option, which provided for vesting of one-third upon the Reporting Person's continuation in service through July 24, 2015 and vesting of the balance in 24 equal monthly installments upon the Reporting Person's completion of each additional month of service thereafter, was canceled in the merger in exchange of a cash payment of $81,000, subject to applicable tax withholding, representing the difference between the exercise price of the option and the per share merger consideration ($11.00 per share).
Documents
Issuer
UNITED ONLINE INC
CIK 0001142701
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001142701
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 5:35 PM ET
- Size
- 8.2 KB