Recatto Brian 4
4 · Heritage-Crystal Clean, Inc. · Filed Oct 18, 2023
Insider Transaction Report
Form 4
Recatto Brian
Director
Transactions
- Disposition to Issuer
Common Stock
2023-10-17$45.50/sh−561,558$25,550,889→ 197,065 total - Disposition to Issuer
Common Stock
2023-10-17$45.50/sh−197,065$8,966,458→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of July 19, 2023 (the "Merger Agreement"), by and among Issuer, JFL-Tiger Acquisition Co., Inc., a Delaware corporation ("Parent"), and JFL-Tiger Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Parent, each share of Issuer common stock, par value $0.01 per share, and each share of Issuer common stock underlying restricted stock units, was automatically cancelled and converted into the right to receive $45.50 in cash without interest, subject to applicable withholding taxes. Pursuant to the Merger Agreement, each Issuer restricted stock award became fully vested and was automatically cancelled and converted into the right to receive $45.50 in cash without interest, subject to applicable withholding taxes.
- [F2]Represents shares of common stock which were not sold in the merger and have been rolled over into investment in an entity affiliated with Parent that indirectly owns 100% of Issuer.