4//SEC Filing
Alegria Esther M. 4
Accession 0001683168-25-000854
CIK 0000704562other
Filed
Feb 6, 7:00 PM ET
Accepted
Feb 7, 7:37 PM ET
Size
11.8 KB
Accession
0001683168-25-000854
Insider Transaction Report
Form 4
Alegria Esther M.
Director
Transactions
- Disposition to Issuer
Common Stock, $0.001 par value
2025-02-05−37,746→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2025-02-05−8,376→ 0 totalExercise: $26.03Exp: 2028-07-09→ Common Stock (8,376 underlying) - Disposition to Issuer
Restricted Stock Units
2025-02-05−8,147→ 0 totalExercise: $0.00→ Common Stock (8,147 underlying)
Footnotes (6)
- [F1]Represents shares of common stock that were disposed of at the effective time (the "Effective Time") of the merger (the "Merger") of Space Mergerco, Inc. ("Merger Sub") with and into Avid Bioservices, Inc. (the "Issuer") pursuant to the Agreement and Plan of Merger, dated as of November 6, 2024 (the "Merger Agreement"), by and among the Issuer, Space Finco, Inc., and Merger Sub.
- [F2]At the Effective Time, each outstanding share of common stock was cancelled and converted into the right to receive a cash payment per share of $12.50, without interest, subject to the terms and conditions of the Merger Agreement (the "Merger Consideration").
- [F3]Represents stock options ("Options") that were disposed of at the Effective Time of the Merger of Merger Sub with and into the Issuer pursuant to the Merger Agreement, by and among the Issuer, Space Finco, Inc., and Merger Sub.
- [F4]This Option was fully vested at the Effective Time. At the Effective Time, each fully vested Option was cancelled and converted solely into the right to receive a cash payment equal to the product of (a) the total number of shares of common stock subject to such Option immediately prior to the Effective Time, multiplied by (b) the excess, if any, of the Merger Consideration over the per share exercise price of such vested Option, without interest, subject to the terms and conditions of the Merger Agreement.
- [F5]Represents restricted stock units ("RSUs") that were disposed of at the Effective Time of the Merger of Merger Sub with and into the Issuer pursuant to the Merger Agreement, by and among the Issuer, Space Finco, Inc., and Merger Sub.
- [F6]At the Effective Time, each unvested RSU was cancelled and converted solely into the right to receive a cash payment of $12.50 per share of common stock subject to such unvested RSU, without interest, subject to the terms and conditions of the Merger Agreement.
Documents
Issuer
Avid Bioservices, Inc.
CIK 0000704562
Entity typeother
Related Parties
1- filerCIK 0001867056
Filing Metadata
- Form type
- 4
- Filed
- Feb 6, 7:00 PM ET
- Accepted
- Feb 7, 7:37 PM ET
- Size
- 11.8 KB