Mark DeVita - Oct 17, 2023 Form 4 Insider Report for Heritage-Crystal Clean, Inc. (HCCI)

Signature
/s/ Mark DeVita
Stock symbol
HCCI
Transactions as of
Oct 17, 2023
Transactions value $
-$4,905,082
Form type
4
Date filed
10/18/2023, 10:19 AM
Previous filing
Oct 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCCI Common Stock Disposed to Issuer -$2.02M -44.3K -62.15% $45.50 27K Oct 17, 2023 Direct F1, F2
transaction HCCI Common Stock Disposed to Issuer -$1.23M -27K -100% $45.50 0 Oct 17, 2023 Direct F2

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 HCCI Restricted Stock Units Disposed to Issuer -$1.66M -36.5K -100% $45.50 0 Oct 17, 2023 Common Stock 36.5K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Mark DeVita 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 July 19, 2023 (the "Merger Agreement"), by and among Issuer, JFL-Tiger Acquisition Co., Inc., a Delaware corporation ("Parent"), and JFL-Tiger Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Parent, each share of Issuer common stock, par value $0.01 per share, and each share of Issuer common stock underlying restricted stock units, was automatically cancelled and converted into the right to receive $45.50 in cash without interest, subject to applicable withholding taxes. Pursuant to the Merger Agreement, each Issuer restricted stock award became fully vested and was automatically cancelled and converted into the right to receive $45.50 in cash without interest, subject to applicable withholding taxes.
F2 Represents shares of common stock which were not sold in the merger and have been rolled over into investment in an entity affiliated with Parent that indirectly owns 100% of Issuer.