John W. Eck - 07 Sep 2021 Form 4 Insider Report for CINCINNATI BELL INC

Role
Director
Signature
/s/ Christopher J. Wilson, Attorney-in-fact for John W. Eck
Issuer symbol
N/A
Transactions as of
07 Sep 2021
Net transactions value
-$636,492
Form type
4
Filing time
09 Sep 2021, 20:32:36 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBB Common Stock Disposed to Issuer $522,753 -33,726 -100% $15.50 0 07 Sep 2021 Direct F1
transaction CBB Common Stock Disposed to Issuer $113,739 -7,338 -100% $15.50 0 07 Sep 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John W. Eck is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of March 13, 2020 (the "Merger Agreement"), by and among Cincinnati Bell Inc., an Ohio corporation (the "Company"), Red Fiber Parent LLC, a Delaware limited liability company, and RF Merger Sub Inc., an Ohio corporation and directly wholly owned subsidiary of Parent ("Merger Sub"), at the effective time of the merger of Merger Sub with and into the Company (the "Merger"), each share of common stock, par value $0.01 per share, of the Company ("Company Common Shares") was converted into the right to receive $15.50 in cash, without interest (the "Merger Consideration").
F2 Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding restricted stock unit with respect to Company Common Shares ("Company RSU") became fully vested and was canceled and converted into the right to receive a lump-sum amount in cash, without interest, equal to the product of (a) the Merger Consideration and (b) the number of Company Common Shares subject to such Company RSU.