Erin Parsons - Sep 16, 2024 Form 4 Insider Report for ALIMERA SCIENCES INC (ALIM)

Role
Director
Signature
/s/ Erin Parsons
Stock symbol
ALIM
Transactions as of
Sep 16, 2024
Transactions value $
$0
Form type
4
Date filed
9/18/2024, 09:52 PM
Previous filing
Jul 3, 2024

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 ALIM Stock Option (Right to Buy) Disposed to Issuer -50K -100% 0 Sep 16, 2024 Common Stock 50K $2.99 Direct F1, F2
transaction ALIM Stock Option (Right to Buy) Disposed to Issuer -6K -100% 0 Sep 16, 2024 Common Stock 6K $2.72 Direct F1, F2
transaction ALIM Stock Option (Right to Buy) Disposed to Issuer -3.26K -100% 0 Sep 16, 2024 Common Stock 3.26K $5.23 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Erin Parsons 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 terms of the Agreement and Plan of Merger, dated as of June 21, 2024 (the "Merger Agreement"), by and among the Issuer, ANI Pharmaceuticals, Inc., a Delaware corporation ("Parent") and ANIP Merger Sub INC., a Delaware corporation and a wholly owned indirect subsidiary of Parent, as of the effective time of the merger (the "Effective Time"), at the Effective Time, each stock option granted by the Issuer to purchase shares (each, an "Option") that was outstanding and unvested immediately prior to the Effective Time vested in full, and each Option that was outstanding and unexercised which had a per share exercise price that was less than ) $5.50 in cash, without interest (such amount, the "Closing Cash Consideration") was converted into the right to receive the sum of an amount in cash (without interest and subject to deduction for any required withholding as contemplated in the Merger Agreement) equal to:
F2 (A) the excess, if any, of the Closing Cash Consideration over the exercise price per share of such Option; multiplied by the number of shares underlying such Option and (B) one contingent value right ("CVR") representing the right to receive contingent cash payments subject to the achievement of certain milestones and the terms and conditions set forth in a contingent value rights agreement entered into between Parent and a rights agent.