4//SEC Filing
Borderfree, Inc. 4
Accession 0001628280-15-004863
CIK 0001277141operating
Filed
Jun 9, 8:00 PM ET
Accepted
Jun 10, 8:57 AM ET
Size
16.2 KB
Accession
0001628280-15-004863
Insider Transaction Report
Form 4
Borderfree, Inc.BRDR
Hillel Isaac
Director10% Owner
Transactions
- Disposition from Tender
Common Stock
2015-06-10$14.00/sh−490,677$6,869,478→ 0 total(indirect: By Pitango Venture Capital Fund III (USA) Non-Q L.P.) - Disposition from Tender
Common Stock
2015-06-10$14.00/sh−5,307,890$74,310,460→ 0 total(indirect: By Pitango Venture Capital Fund III (USA) L.P.) - Disposition from Tender
Common Stock
2015-06-10$14.00/sh−187,044$2,618,616→ 0 total(indirect: By Pitango Principals Fund III (USA) L.P.) - Disposition from Tender
Common Stock
2015-06-10$14.00/sh−554,753$7,766,542→ 0 total(indirect: By Pitango Parallel Investor Fund III (USA) L.P.) - Disposition from Tender
Common Stock
2015-06-10$14.00/sh−1,443,298$20,206,172→ 0 total(indirect: By Pitango Venture Capital Fund III (Israeli Investors) L.P.) - Disposition from Tender
Common Stock
2015-06-10$14.00/sh−374,085$5,237,190→ 0 total(indirect: By Trust) - Disposition to Issuer
Stock Option (Right to Buy)
2015-06-10−17,944→ 0 totalExercise: $16.00Exp: 2024-03-20→ Common Stock (17,944 underlying)
Footnotes (2)
- [F1]The shares are held directly by Pitango Venture Capital Fund III (USA) L.P., Pitango Venture Capital Fund III (USA) Non-Q L.P., Pitango Venture Capital Fund III (Israeli Investors) L.P., Pitango Venture Capital Fund III Trusts 2000 Ltd., Pitango Principals Fund III (USA) L.P. and Pitango Parallel Investor Fund III (USA) L.P. (the "Pitango Venture Capital Group"). Mr. Hillel is a Managing General Partner of the Pitango Venture Capital Group and may be deemed to be an indirect beneficial owner of the reported securities. Mr. Hillel disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein. This report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]Represents options (the "Options") to purchase the Issuer's common stock that were subject to vesting over time but were cancelled at the effective time of the merger (the "Merger") pursuant to the Agreement and Plan of Merger, dated May 5, 2015, by and among the Company, Pitney Bowes Inc. and BrickBreaker Acquisition Corp., in which outstanding options were exchanged for a cash payment in the amount by which the per share purchase price of $14.00 (the "Merger Consideration") exceeded the exercise price of the option as of the effective time of the Merger. Because the exercise price of such Options exceeded the Merger Consideration, such Options were cancelled without consideration.
Documents
Issuer
Borderfree, Inc.
CIK 0001277141
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001277141
Filing Metadata
- Form type
- 4
- Filed
- Jun 9, 8:00 PM ET
- Accepted
- Jun 10, 8:57 AM ET
- Size
- 16.2 KB