4//SEC Filing
Borderfree, Inc. 4
Accession 0001628280-15-004861
CIK 0001277141operating
Filed
Jun 9, 8:00 PM ET
Accepted
Jun 10, 8:56 AM ET
Size
14.4 KB
Accession
0001628280-15-004861
Insider Transaction Report
Form 4
Borderfree, Inc.BRDR
Timor Ofer
Director10% Owner
Transactions
- Disposition from Tender
Common Stock
2015-06-10$14.00/sh−309,302$4,330,228→ 0 total(indirect: By Gmulot Delta Fund, L.P.) - 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−2,552,523$35,735,322→ 0 total(indirect: By Delta Fund I, L.P.) - Disposition from Tender
Common Stock
2015-06-10$14.00/sh−154,650$2,165,100→ 0 total(indirect: By Poalim Delta Fund, L.P.) - Disposition from Tender
Common Stock
2015-06-10$14.00/sh−138,412$1,937,768→ 0 total(indirect: By Delta Fund I (Israel), L.P.) - Disposition from Tender
Common Stock
2015-06-10$14.00/sh−1,065$14,910→ 0 total
Footnotes (2)
- [F1]The shares are held directly by Delta Fund I, L.P., Poalim Delta Fund, L.P., Delta Fund I (Israel), L.P. and Gmulot Delta Fund, L.P., and indirectly by (i) Delta Ventures, Ltd., the general partner of each of Poalim Delta Fund, L.P., Delta Fund I (Israel), L.P, and Gmulot Delta Fund, L.P., and (ii) Delta Ventures (Cayman) Ltd., the general partner of Delta Fund I, L.P. (the aforementioned entities, collectively, "Delta Ventures"). Mr. Timor is a Managing Partner of Delta Ventures, and may be deemed to be an indirect beneficial owner of the reported securities. Mr. Timor 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, 8:56 AM ET
- Size
- 14.4 KB