4//SEC Filing
Ziebell Mark R 4
Accession 0001683168-25-000864
CIK 0000704562other
Filed
Feb 6, 7:00 PM ET
Accepted
Feb 7, 7:40 PM ET
Size
26.0 KB
Accession
0001683168-25-000864
Insider Transaction Report
Form 4
Ziebell Mark R
VP and General Counsel
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2025-02-05−98,120→ 55,310 totalExercise: $6.07Exp: 2026-07-10→ Common Stock (98,120 underlying) - Disposition to Issuer
Stock Option (right to buy)
2025-02-05−21,429→ 153,430 totalExercise: $3.50Exp: 2026-06-02→ Common Stock (21,429 underlying) - Disposition to Issuer
Restricted Stock Units
2025-02-05−17,679→ 51,413 totalExercise: $0.00→ Common Stock (17,679 underlying) - Disposition to Issuer
Restricted Stock Units
2025-02-05−51,413→ 0 totalExercise: $0.00→ Common Stock (51,413 underlying) - Disposition to Issuer
Stock Option (right to buy)
2025-02-05−14,286→ 174,859 totalExercise: $9.17Exp: 2025-05-11→ Common Stock (14,286 underlying) - Disposition to Issuer
Performance Stock Units
2025-02-05−1,733→ 108,579 totalExercise: $0.00→ Common Stock (1,733 underlying) - Disposition to Issuer
Common Stock, $0.001 par value
2025-02-05−66,799→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2025-02-05−55,310→ 0 totalExercise: $6.95Exp: 2027-07-10→ Common Stock (55,310 underlying) - Disposition to Issuer
Performance Stock Units
2025-02-05−108,579→ 0 totalExercise: $0.00→ Common Stock (108,579 underlying)
Footnotes (10)
- [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.
- [F10]At the Effective Time, each unvested PSU was cancelled and converted solely into the right to receive a cash payment of $12.50 per share of common stock that such unvested PSU would settle for at the greater of target performance and actual performance (determined as of the end of the fiscal quarter immediately preceding the Effective Time, without interest, subject to the terms and conditions of the Merger Agreement.
- [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 fully vested 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 vested RSU, without interest, subject to the terms and conditions of the Merger Agreement.
- [F7]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.
- [F8]Represents performance stock units ("PSUs") 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.
- [F9]At the Effective Time, each fully vested PSU was cancelled and converted solely into the right to receive a cash payment of $12.50 per share of common stock subject to such vested PSU, 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 0001552642
Filing Metadata
- Form type
- 4
- Filed
- Feb 6, 7:00 PM ET
- Accepted
- Feb 7, 7:40 PM ET
- Size
- 26.0 KB