BIRCH MICHAEL THOMAS 4
4 · ZAGG Inc · Filed Feb 23, 2021
Insider Transaction Report
Form 4
ZAGG IncZAGG
BIRCH MICHAEL THOMAS
Director
Transactions
- Disposition to Issuer
Common Stock
2021-02-22−33,455→ 0 total
Footnotes (1)
- [F1]At the effective time of the merger contemplated by the Agreement and Plan of Merger, dated as of December 10, 2020, by and among ZAGG Inc (the "Company"), Zephyr Parent, Inc. and Zephyr Merger Sub, Inc. (the "Effective Time"), each issued and outstanding share of common stock of the Company held by Michael T. Birch was converted into the right to receive $4.20 in cash and one "PPP Loan Forgiveness Right" representing the contingent right to receive and additional amount, net of certain fees and expenses, contingent upon the satisfaction of certain conditions related to the U.S. Small Business Administration Paycheck Protection Program Loan issued to ZAGG on April 13, 2020, without interest and subject to any applicable withholding taxes.