4//SEC Filing
Borderfree, Inc. 4
Accession 0001628280-15-004852
CIK 0001277141operating
Filed
Jun 9, 8:00 PM ET
Accepted
Jun 10, 8:54 AM ET
Size
9.8 KB
Accession
0001628280-15-004852
Insider Transaction Report
Form 4
Borderfree, Inc.BRDR
Spencer George H. III
Director10% Owner
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2015-06-10−17,944→ 0 totalExercise: $16.00Exp: 2024-03-20→ Common Stock (17,944 underlying) - Disposition from Tender
Common Stock
2015-06-10$14.00/sh−2,763,426$38,687,964→ 0 total(indirect: By BVCF IV, L.P.) - Disposition from Tender
Common Stock
2015-06-10$14.00/sh−2,763,426$38,687,964→ 0 total(indirect: By Adams Street V, L.P.)
Footnotes (2)
- [F1]The securities are held directly by Adams Street V, L.P. ("AS V") and BVCF IV, L.P. ("BVCF IV") and indirectly by Adams Street Partners, LLC, as general partner of AS V and BVCF IV. Mr. Spencer is a senior consultant of Adams Street Partners, LLC, and may be deemed to be an indirect beneficial owner of the reported securities. Mr. Spencer disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein. This report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]Represents options (the "Options") to purchase the Issuer's common stock that were subject to vesting over time but were cancelled at the effective time of the merger (the "Merger") pursuant to the Agreement and Plan of Merger, dated May 5, 2015, by and among the Company, Pitney Bowes Inc. and BrickBreaker Acquisition Corp., in which outstanding options were exchanged for a cash payment in the amount by which the per share purchase price of $14.00 (the "Merger Consideration") exceeded the exercise price of the option as of the effective time of the Merger. Because the exercise price of such Options exceeded the Merger Consideration, such Options were cancelled without consideration.
Documents
Issuer
Borderfree, Inc.
CIK 0001277141
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001277141
Filing Metadata
- Form type
- 4
- Filed
- Jun 9, 8:00 PM ET
- Accepted
- Jun 10, 8:54 AM ET
- Size
- 9.8 KB