4//SEC Filing
Virgin America Inc. 4
Accession 0001614436-16-000135
CIK 0001614436operating
Filed
Dec 13, 7:00 PM ET
Accepted
Dec 14, 9:14 PM ET
Size
7.7 KB
Accession
0001614436-16-000135
Insider Transaction Report
Form 4
Cush C. David
DirectorPresident
Transactions
- Disposition to Issuer
Common Stock
2016-12-14$57.00/sh−232,584$13,257,288→ 0 total - Disposition to Issuer
Common Stock
2016-12-14$57.00/sh−295,206$16,826,742→ 0 total(indirect: By Trust)
Footnotes (4)
- [F1]Includes (i) 110,830 restricted stock units ("RSUs"), (ii) 29,329 shares of service-based restricted stock and (iii) 41,836 shares of performance-based restricted stock, which resulted from an initial award of 20,918 shares of performance-based restricted stock.
- [F2]Pursuant to the Agreement and Plan of Merger, dated April 1, 2016, by and among Virgin America Inc., Alaska Air Group, Inc. and Alpine Acquisition Corp. (the "Merger Agreement"), (i) each issued and outstanding RSU was automatically vested and converted into the right to receive $57.00 in cash, without interest, (ii) each issued and outstanding share of common stock was automatically cancelled and converted into the right to receive $57.00 in cash, without interest, (iii) each issued and outstanding share of service-based restricted stock was automatically vested and converted into the right to receive $57.00 in cash, without interest, and (iv) each issued and outstanding share of performance-based restricted stock was automatically vested (treating the performance-based condition to which such award was subject as having been attained at a level of 200%) and converted into the right to receive $57.00 in cash, without interest.
- [F3]Pursuant to the Merger Agreement, each issued and outstanding share of common stock was automatically cancelled and converted into the right to receive $57.00 in cash, without interest.
- [F4]The shares are held directly by the Cush Revocable Trust, of which Mr. Cush is the trustee.
Documents
Issuer
Virgin America Inc.
CIK 0001614436
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001614436
Filing Metadata
- Form type
- 4
- Filed
- Dec 13, 7:00 PM ET
- Accepted
- Dec 14, 9:14 PM ET
- Size
- 7.7 KB