4//SEC Filing
BUCKLEY TIMOTHY 4
Accession 0001209191-22-057041
CIK 0001169652other
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 5:06 PM ET
Size
10.5 KB
Accession
0001209191-22-057041
Insider Transaction Report
Form 4
BUCKLEY TIMOTHY
Director
Transactions
- Disposition to Issuer
Common Stock
2022-11-15−97,570→ 8,384 total - Disposition to Issuer
Common Stock
2022-11-15−8,384→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2022-11-15−6,250→ 0 totalExercise: $8.80Exp: 2023-03-08→ Common Stock (6,250 underlying)
Footnotes (5)
- [F1]On November 15, 2022, the effective date (the "Effective Date") of the merger between the Issuer, CommerceHub, Inc., a Delaware corporation ("CommerceHub") and CH Merger Sub, Inc., a Delaware corporation ("CH Merger Sub") and a wholly owned subsidiary of CommerceHub pursuant to which CH Merger Sub merged with and into the Issuer with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of CommerceHub (the "Merger"), each share of the Issuer's common stock was cancelled in exchange for $23.10 per share.
- [F2]The security represents restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
- [F3]On the Effective Date, pursuant to the Merger, these restricted stock units were cancelled in exchange for a cash payment equal to (A) the total number of shares of common stock underlying such restricted stock units, multiplied by (B) $23.10.
- [F4]This option vested in 4 equal quarterly installments from June 8, 2013 to March 8, 2014.
- [F5]On the Effective Date, pursuant to the Merger, each outstanding stock option was cancelled in exchange for the right to receive (i) with respect to the vested portion of such stock option, a cash payment equal to the product of (A) the total number of shares of common stock underlying the vested portion of the option, multiplied by (B) the excess, if any, of (1) $23.10 over (2) the per share exercise price for such option, less applicable tax withholdings, and (ii) with respect to the unvested portion of such stock option, the right to receive cash equal to the product of (A) the total no. of shares of common stock underlying the unvested portion of the option, multiplied by (B) the excess, if any, of (1) $23.10 over (2) the per share exercise price for such option, less applicable tax withholdings, which right to receive cash will vest in accordance with the vesting dates of the original option, subject to the reporting person's continued service with CommerceHub or its affiliates.
Documents
Issuer
CHANNELADVISOR CORP
CIK 0001169652
Entity typeother
Related Parties
1- filerCIK 0001180596
Filing Metadata
- Form type
- 4
- Filed
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 5:06 PM ET
- Size
- 10.5 KB