Sarrazin Jacques 4
4 · Forterra, Inc. · Filed Mar 18, 2022
Insider Transaction Report
Form 4
Forterra, Inc.FRTA
Sarrazin Jacques
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2022-03-18−2,810→ 0 totalExercise: $18.00Exp: 2026-10-19→ Common Stock (2,810 underlying) - Disposition to Issuer
Common Stock
2022-03-18$24.00/sh−24,732$593,568→ 0 total - Disposition to Issuer
Restricted Stock Unit
2022-03-18−4,284→ 0 total→ Common Stock (4,284 underlying)
Footnotes (5)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of February 19, 2021 (the "Merger Agreement"), by and among Forterra, Inc., a Delaware corporation, (the "Company", Quikrete Holdings, Inc., a Delaware corporation ("Parent"), and Jordan Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation in the Merger and a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, at the effective time of the Merger, each share of common stock, par value $0.001 per share, of the Company ("Common Stock") was canceled and converted automatically into the right to receive $24.00 per share in cash, without interest and less any applicable tax withholdings.
- [F2]Pursuant to the Merger Agreement, each option to purchase shares of Common Stock immediately prior to the effective time of the Merger fully vested and converted into the right to receive, without interest and less any applicable tax withholdings, $24.00 in cash.
- [F3]Stock options vested on October 19, 2017.
- [F4]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F5]Pursuant to the Merger Agreement, each restricted stock unit immediately prior to the effective time of the Merger fully vested and converted into the right to receive, without interest and less any applicable tax withholdings, $24.00 in cash.