| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVA | Common Stock, $.10 par value | Disposed to Issuer | -40K | -100% | 0 | Nov 30, 2021 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CVA | Option to purchase common stock (right to buy) | Disposed to Issuer | -$12.6M | -1M | -100% | $12.63 | 0 | Nov 30, 2021 | Common Stock, $.10 par value | 1M | $7.62 | Direct | F2, F3 |
| transaction | CVA | Restricted Stock Units | Disposed to Issuer | -57.7K | -100% | 0 | Nov 30, 2021 | Common Stock, $.10 par value | 57.7K | Direct | F4 |
Michael W. Ranger is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Pursuant to the merger agreement between EQT Infrastructure and the Issuer, effective as of the date of the merger these shares of the Issuer's common stock were canceled and converted into the right to receive $20.25 in cash per share (the "Merger Consideration"). |
| F2 | The stock options which provided for vesting in equal installments over three years beginning October 29, 2021, were canceled in the merger in exchange for a cash payment of $12,630,000, representing the difference between the exercise price of the option and the Merger Consideration. |
| F3 | The stock options expire three years after vesting. |
| F4 | The restricted stock units were canceled in the merger and converted into the right to receive a cash payment equal to the product of (i) the total number of shares of the Issuer's common stock underlying the restricted stock units multiplied by (ii) the Merger Consideration. |