SMITH RICHARD A 4
4 · TOTAL SYSTEM SERVICES INC · Filed Sep 18, 2019
Insider Transaction Report
Form 4
SMITH RICHARD A
Director
Transactions
- Disposition to Issuer
Director Stock Option (right to buy
2019-09-17−3,692→ 0 totalExercise: $83.12Exp: 2028-04-26→ Common Stock (3,692 underlying) - Disposition to Issuer
Common Stock
2019-09-17−3,149→ 0 total
Footnotes (2)
- [F1]These shares were disposed of pursuant to the Merger Agreement in exchange for shares of Global Payments Inc. ("Global Payments") common stock, at a rate of .8101 shares of Global Payments common stock for each share of the Company. The closing price of Global Payments common stock on the New York Stock Exchange on the Effective Date was $163.74 per share.
- [F2]These options, which were fully vested, were assumed by Global Payments pursuant to the Merger Agreement, on the Effective date, and replaced with Global Payments options with the same terms, provided that the number of shares of Global Payments common stock subject to each new option will be equal to the original number of shares of Company common stock subject to the option multiplied by .8101, rounded down to the nearest whole share, and the exercise price per share of each new option will be equal to the original exercise price divided by .8101, rounded up to the nearest cent.