Michael Coffey - 02 Jan 2025 Form 4 Insider Report for Manitex International, Inc.

Signature
/s/Todd M. Kaye, Attorney-in-Fact for Michael Coffey
Issuer symbol
N/A
Transactions as of
02 Jan 2025
Net transactions value
$0
Form type
4
Filing time
06 Jan 2025, 17:18:36 UTC
Previous filing
04 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNTX Common Stock Disposed to Issuer $0 -300,000 -47% $0.000000 344,500 02 Jan 2025 Direct F1
transaction MNTX Common Stock Award $0 +300,000 +87% $0.000000 644,500 02 Jan 2025 Direct F1
transaction MNTX Common Stock Award $0 +100,000 +16% $0.000000 744,500 02 Jan 2025 Direct F2, F3
transaction MNTX Common Stock Disposed to Issuer -744,500 -100% 0 02 Jan 2025 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael Coffey is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On September 11, 2024, the Board of Directors of the issuer approved the conversion of a grant of 300,000 restricted stock units that will vest only upon the attainment of certain Issuer stock price improvement milestones into time-vesting restricted stock units, effective January 1, 2025 and contingent on the closing of the transactions contemplated by the Agreement and Plan of Merger dated as of September 12, 2024, by and among the issuer, Tadano Ltd. and Lift SPC Inc. (the "Merger Agreement"). The closing occurred on January 2, 2025.
F2 On September 11, 2024, the Board of Directors of the issuer approved a grant of restricted stock units to the reporting person, effective January 1, 2025 and contingent on the closing of the transactions contemplated by the Agreement and Plan of Merger dated as of September 12, 2024, by and among the issuer, Tadano Ltd. and Lift SPC Inc. (the "Merger Agreement"). The closing occurred on January 2, 2025.
F3 Consists of a grant of 100,000 shares, contingent on the closing of the Merger Agreement, of which one-third will vest on January 1, 2026, one-third will vest on January 1, 2027 and one-third will vest on January 1, 2028.
F4 Pursuant to the terms and conditions of the Merger Agreement, (1) 93,700 shares of common stock held by the reporting person were disposed of in exchange for cash consideration of $5.80 per share, less applicable withholding taxes; (2) 460,800 unvested restricted stock units held by the reporting person were vested in full and cancelled in exchange for cash consideration of $5.80 per share, less applicable withholding taxes; and (3) 190,000 restricted stock units that would vest only upon the attainment of certain Issuer stock price improvement milestones were cancelled for no consideration.