David Sgro - Dec 27, 2022 Form 4 Insider Report for Hill International, Inc. (HIL)

Role
Director
Signature
William H. Dengler, Attorney-in-Fact
Stock symbol
HIL
Transactions as of
Dec 27, 2022
Transactions value $
-$2,108,734
Form type
4
Date filed
12/27/2022, 03:56 PM
Previous filing
Jul 12, 2022
Next filing
Feb 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HIL Common Stock Disposed to Issuer -$884K -260K -100% $3.40 0 Dec 27, 2022 Direct F1
transaction HIL Common Stock Disposed to Issuer -$1.22M -360K -100% $3.40 0 Dec 27, 2022 By Jamarant Capital, L.P. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

David Sgro 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 Amended and Restated Agreement and Plan of Merger, dated August 26, 2022 (the "Merger Agreement"), by and among Hill International, Inc., Global Infrastructure Solutions Inc. and Liberty Acquisition Sub Inc., these shares of common stock were automatically converted into the right to receive $3.40 per share in cash.
F2 The reported shares are owned by Jamarant Capital, L.P., of which Mr. Sgro is a Managing Member. Mr. Sgro disclaims beneficial ownership of the reported shares, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Sgro is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

Remarks:

In connection with the transaction contemplated by the Merger Agreement, the reporting person ceased to be a Section 16 reporting person.