4//SEC Filing
Cullen Rachel P. 4
Accession 0000899243-23-020199
CIK 0001644406other
Filed
Nov 6, 7:00 PM ET
Accepted
Nov 7, 6:34 PM ET
Size
6.7 KB
Accession
0000899243-23-020199
Insider Transaction Report
Form 4
Cullen Rachel P.
Director
Transactions
- Disposition to Issuer
Class A Common Stock, par value $0.0001 per share
2023-11-07−25,567→ 0 total
Footnotes (4)
- [F1]Pursuant to the terms of that certain Agreement and Plan of Merger, by and among Hostess Brands, Inc. (the "Company"), The J. M. Smucker Company ("Smucker"), and SSF Holdings, Inc. (the "Purchaser"), dated September 10, 2023 (the "Merger Agreement"), Purchaser completed an exchange offer to purchase any and all of the issued and outstanding shares of the Company's Class A Common Stock, par value $0.0001 per share (the "Company Common Stock"), in exchange for (i) $30.00 in cash and (ii) 0.03002 Smucker common shares, no par value, plus cash in lieu of fractional shares, in each case, without interest. Thereafter, on November 7, 2023, in accordance with the terms of the Merger Agreement, the Purchaser merged with and into the Company, with the Company continuing as the surviving corporation and becoming a direct, wholly owned subsidiary of Smucker (the "Merger").
- [F2](Continued from Footnote 1) The disposition of the securities by the Reporting Person in the Merger was approved by the Company's board of directors in the manner contemplated by Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
- [F3]Includes (i) 5,210 outstanding restricted stock units ("RSUs") and (ii) 20,357 shares of fully vested RSUs representing the right to receive an equivalent number of shares of Company Common Stock (the "Deferred Stock").
- [F4]Upon consummation of the Merger, under the terms of the Merger Agreement, each RSU and all Deferred Stock was cancelled in exchange for a cash payment, determined by multiplying (x) the aggregate number of shares of Company Common Stock underlying the RSUs and Deferred Stock, by (y) the Merger Consideration Value (as defined in the Merger Agreement) (the "Equity Award Consideration"). Upon the closing of the Merger, the Reporting Person received Equity Award Consideration of $854,037.51.
Documents
Issuer
Hostess Brands, Inc.
CIK 0001644406
Entity typeother
Related Parties
1- filerCIK 0001810199
Filing Metadata
- Form type
- 4
- Filed
- Nov 6, 7:00 PM ET
- Accepted
- Nov 7, 6:34 PM ET
- Size
- 6.7 KB