Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BDSI | Restricted Stock Units | Disposed to Issuer | $0 | -91.4K | -100% | $0.00* | 0 | Mar 22, 2022 | Common Stock | 91.4K | $0.00 | Direct | F1, F2 |
transaction | BDSI | Stock Options (right to buy) | Disposed to Issuer | $0 | -29.8K | -100% | $0.00* | 0 | Mar 22, 2022 | Common Stock | 29.8K | $3.46 | Direct | F3 |
transaction | BDSI | Stock Options (right to buy) | Disposed to Issuer | $0 | -43.3K | -100% | $0.00* | 0 | Mar 22, 2022 | Common Stock | 43.3K | $3.90 | Direct | F3 |
transaction | BDSI | Stock Options (right to buy) | Disposed to Issuer | $0 | -269K | -100% | $0.00* | 0 | Mar 22, 2022 | Common Stock | 269K | $3.84 | Direct | F3 |
transaction | BDSI | Stock Options (right to buy) | Disposed to Issuer | $0 | -82.5K | -100% | $0.00* | 0 | Mar 22, 2022 | Common Stock | 82.5K | $3.03 | Direct | F3 |
transaction | BDSI | Stock Options (right to buy) | Disposed to Issuer | $0 | -282K | -100% | $0.00* | 0 | Mar 22, 2022 | Common Stock | 282K | $3.66 | Direct | F3 |
James Vollins is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
---|---|
F1 | Each restricted stock unit ("RSU") represents the contingent right to receive one Share. |
F2 | Each Issuer RSUs that was outstanding immediately prior to the Effective Time, was cancelled and converted into the right to receive for each Share underlying such RSU, without interest and subject to deduction for any required withholding taxes, an amount in cash equal to the Merger Consideration. |
F3 | Immediately prior to the Effective Time, each Issuer option that was outstanding and then exercisable for a per share exercise price less than the Merger Consideration that would be payable in respect of the Shares underlying such Issuer option (any such Issuer option, an "In-the-Money Cash Out Option") was cancelled and automatically converted into the right to receive for each Share underlying such Issuer option, without interest and subject to deduction for any required withholding taxes, an amount in cash equal to the excess of the Merger Consideration over the per share exercise price of such In-the-Money Cash Out Option. All Issuer options that were not In-the-Money Cash Out Options were cancelled at the Effective Time without payment of any consideration. |
General Counsel, Chief Compliance Officer & Corporate Secretary