Lois M. Martin - Nov 30, 2021 Form 4 Insider Report for RAVEN INDUSTRIES INC (RAVN)

Role: Director
Signature: /s/ Lois M. Martin
Stock symbol: RAVN
Transactions as of: Nov 30, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/1/2021, 06:29 PM
Previous filing: May 26, 2021
Next filing: May 19, 2022

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	RAVN	Deferred Stock Units	Disposed to Issuer		-9.96K	-100%		0	Nov 30, 2021	Common Stock	9.96K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger (the "Merger"), dated as of June 20, 2021, by and among Raven Industries, Inc. ("Raven"), CNH Industrial N.V. and CNH Industrial South Dakota, Inc., as it may be amended from time to time (the "Merger Agreement"). The shares of Common Stock of Raven were converted in the Merger into the right to receive $58.00 in cash per share of Common Stock (the "Merger Consideration").
F2	Each Deferred Stock Unit is the economic equivalent of one share of Raven Common Stock.

Content

Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger (the "Merger"), dated as of June 20, 2021, by and among Raven Industries, Inc. ("Raven"), CNH Industrial N.V. and CNH Industrial South Dakota, Inc., as it may be amended from time to time (the "Merger Agreement"). The shares of Common Stock of Raven were converted in the Merger into the right to receive $58.00 in cash per share of Common Stock (the "Merger Consideration").

Each Deferred Stock Unit is the economic equivalent of one share of Raven Common Stock.