4//SEC Filing
Borderfree, Inc. 4
Accession 0001628280-15-004862
CIK 0001277141operating
Filed
Jun 9, 8:00 PM ET
Accepted
Jun 10, 8:57 AM ET
Size
14.2 KB
Accession
0001628280-15-004862
Insider Transaction Report
Form 4
Borderfree, Inc.BRDR
DeSimone Michael A.
DirectorChief Executive Officer
Transactions
- Disposition from Tender
Common Stock
2015-06-10$14.00/sh−50,000$700,000→ 0 total(indirect: See footnote) - 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)
2015-06-10−135,500→ 0 totalExercise: $7.68Exp: 2024-03-01→ Common Stock (135,500 underlying) - Disposition from Tender
Common Stock
2015-06-10$14.00/sh−959,108$13,427,512→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2015-06-10−139,520→ 0 totalExercise: $16.00Exp: 2024-03-20→ Common Stock (139,520 underlying)
Footnotes (3)
- [F1]Represents shares of the Issuer transferred by the Reporting Person to an irrevocable family trust by gift, of which the spouse of the Reporting Person serves as a trustee and one or more immediate family members of the Reporting Person are the beneficiaries. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by the trust and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such shares held by such trust, except to the extent of his pecuniary interest, if any, in the shares held by such trust.
- [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.
- [F3]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, 8:57 AM ET
- Size
- 14.2 KB