Keith M. Butler - Oct 5, 2021 Form 4 Insider Report for IEC ELECTRONICS CORP (IEC)

Role
Director
Signature
/s/ Thomas Barbato, Attorney-in-Fact for Keith M. Butler
Stock symbol
IEC
Transactions as of
Oct 5, 2021
Transactions value $
$0
Form type
4
Date filed
10/5/2021, 04:46 PM
Previous filing
Sep 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IEC Common Stock Disposition pursuant to a tender of shares in a change of control transaction -45.5K -100% 0 Oct 5, 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Keith M. Butler is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the closing, on October 5, 2021, of a cash tender offer by Creation Technologies International Inc. ("Parent"), and its wholly-owned subsidiary, CTI Acquisition Corp. ("Merger Sub"), pursuant to which each outstanding share of the common stock of the Issuer was converted into the right to receive $15.35 per share, less any required withholding taxes. The number of shares reported includes 6,354 unvested restricted shares. Each restricted share that was outstanding immediately prior to the consummation of the tender offer fully vested and was cancelled and converted automatically into the right to receive $15.35 per share, less any required withholding taxes.