FAGENSON ROBERT B 4
4 · NATIONAL HOLDINGS CORP · Filed Feb 25, 2021
Insider Transaction Report
Form 4
FAGENSON ROBERT B
Director10% Owner
Transactions
- Disposition to Issuer
Restricted Stock Units
2021-02-25$3.25/sh−46,602$151,457→ 0 total→ Common Stock (46,602 underlying) - Disposition from Tender
Common Stock
2021-02-25$3.25/sh−407,010$1,322,783→ 0 total
Footnotes (3)
- [F1]Disposed of to B. Riley Principal Merger Corp. III ("Merger Sub"), which, pursuant to the terms of the Agreement and Plan of Merger, by and among National Holdings Corporation (the "Company"), B. Riley Financial, Inc. ("Parent"), and Merger Sub, dated as of January 10, 2021 (the "Merger Agreement"), commenced a tender offer to
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F3]Pursuant to the Merger Agreement, at the Effective Time, each outstanding restricted stock unit that was outstanding immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash, without interest, equal to the full number of shares of the Company's common stock underlying such restricted stock unit multiplied by the Per Share Amount.