SAIT SUAAD H 4
4 · SharpSpring, Inc. · Filed Sep 3, 2021
Insider Transaction Report
Form 4
SAIT SUAAD H
President
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2021-09-01−125,000→ 0 totalExercise: $16.50Exp: 2031-05-01→ Common Stock (125,000 underlying) - Disposition to Issuer
Common Stock
2021-09-01−0→ 0 total - Disposition to Issuer
Restricted Stock Units
2021-09-01−125,000→ 0 total→ Common Stock (125,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated June 21, 2021, by and among the registrant, Constant Contact, Inc. ("Parent"), a Delaware corporation, and Groove Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("MergerSub"), as of the effective time of the merger of Merger Sub with and into the registrant (the "Merger"), these shares of the registrant's common stock were canceled and converted to the right to receive $17.10 in cash per share (the "Per Share Merger Consideration").
- [F2]Pursuant to the Merger Agreement, each vested stock option was canceled, and the holder is entitled to receive a payment in cash, without interest, equal to the product of (i) the total number of shares subject to the canceled stock option and (ii) the excess, if any, of (A) the Per Share Merger Consideration over (B) the exercise price per share subject to the cancelled company stock option.
- [F3]Represents restricted stock units previously granted to the reporting person pursuant to the registrant's time-based restricted stock unit award program on May 1, 2021.