Borderfree, Inc. 4
4 · Borderfree, Inc. · Filed Jun 10, 2015
Insider Transaction Report
Form 4
Borderfree, Inc.BRDR
Dhatt Brian Singh
Chief Technology Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2015-06-10−63,500→ 0 totalExercise: $7.68Exp: 2024-03-01→ Common Stock (63,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-06-10−142,377→ 0 totalExercise: $6.71Exp: 2023-06-10→ Common Stock (142,377 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-06-10−37,125→ 0 totalExercise: $16.00Exp: 2024-03-20→ Common Stock (37,125 underlying)
Footnotes (2)
- [F1]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.
- [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.