Jay L. Birnbaum - Sep 21, 2023 Form 4 Insider Report for Radius Global Infrastructure, Inc. (RADI)

Signature
/s/ Andrew Rosenstein, as Attorney in Fact
Stock symbol
RADI
Transactions as of
Sep 21, 2023
Transactions value $
$0
Form type
4
Date filed
9/21/2023, 04:52 PM
Previous filing
Apr 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RADI Class A Common Stock Award +535K +437.06% 658K Sep 21, 2023 Direct F1, F2, F3
transaction RADI Class A Common Stock Disposed to Issuer -658K -100% 0 Sep 21, 2023 Direct F1, F2, F3
transaction RADI Class B Common Stock Disposed to Issuer -535K -100% 0 Sep 21, 2023 Direct F1, F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RADI LTIP Units Options Exercise -535K -100% 0 Sep 21, 2023 Class A Common Stock 535K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jay L. Birnbaum is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On 09/21/2023 (the "Effective Time"), pursuant to the Agreement and Plan of Merger, dated as of March 1, 2023 (as amended or otherwise modified from time to time, the "Merger Agreement"), by and among Radius Global Infrastructure, Inc., a Delaware corporation (the "Company"), APW OpCo LLC, a Delaware limited liability company ("OpCo"), Chord Parent, Inc., a Delaware corporation ("Parent"), Chord Merger Sub I, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub I"), and Chord Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of Merger Sub I ("Merger Sub II"), Merger Sub II merged with and into OpCo and Merger Sub I merged with and into the Company.
F2 (Continued from Footnote 1) Pursuant to the Merger Agreement, (a) unless otherwise agreed, each share of the Company's Class A Common Stock was converted into the right to receive $15.00 per share in cash (the "Merger Consideration") and (b) each share of the Company's Class B Common Stock was canceled for no consideration.
F3 Includes 122,516 restricted shares of Class A Common Stock. Pursuant to the Merger Agreement, at the Effective Time, each outstanding restricted share of Class A Common Stock became fully vested and was canceled and converted into the right to receive a cash payment, without interest, equal to the Merger Consideration, which amount will become payable following the Effective Time in accordance with the vesting schedule applicable to the corresponding restricted share of Class A Common Stock.
F4 Includes shares of Class B Common Stock that were granted in tandem with a corresponding number of Series A long-term incentive units ("Series A LTIP Unit") and Series C long-term incentive units ("Series C LTIP Unit") in OpCo.
F5 Pursuant to the Merger Agreement, at the Effective Time, unless otherwise agreed, each outstanding Series A LTIP Unit, Series C LTIP Unit and Series B long-term incentive unit ("Series B LTIP Unit" and, collectively with Series A LTIP Unit and Series C LTIP Unit, "LTIP Units") vested with all applicable performance conditions deemed satisfied and was canceled and converted into the right to receive a lump-sum cash payment, without interest, equal to the product of the Merger Consideration and the number of shares of Class A Common Stock into which such LTIP Unit was convertible immediately prior to the Effective Time.