Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | WIFI | Common Stock | Disposed to Issuer | -13.4K | -100% | 0 | Jun 2, 2021 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | WIFI | Restricted Stock Units | Disposed to Issuer | -$24.4K | -1.74K | -100% | $14.00 | 0 | Jun 2, 2021 | Common Stock | 1.74K | Direct | F2, F3, F4 | |
transaction | WIFI | Restricted Stock Units | Disposed to Issuer | -$111K | -7.93K | -100% | $14.00 | 0 | Jun 2, 2021 | Common Stock | 7.93K | Direct | F2, F4, F5 | |
transaction | WIFI | Restricted Stock Units | Disposed to Issuer | -$245K | -17.5K | -100% | $14.00 | 0 | Jun 2, 2021 | Common Stock | 17.5K | Direct | F2, F4, F6 | |
transaction | WIFI | Restricted Stock Units | Disposed to Issuer | -$532K | -38K | -100% | $14.00 | 0 | Jun 2, 2021 | Common Stock | 38K | Direct | F2, F4, F7 |
Dawn Callahan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
---|---|
F1 | Disposed of pursuant to the Agreement and Plan of Merger between Issuer, White Sands Parent, Inc., and White Sands Bidco, Inc. (the "Merger Agreement"), whereby, immediately prior to the effective time of the merger contemplated therein (the "Effective Time"), all issued and outstanding shares of Issuer common stock were converted into the right to receive $14.00 per share in cash and, when so converted, automatically cancelled. |
F2 | Each restricted stock unit ("RSU") represented a contingent right to receive one share of the Issuer's common stock. |
F3 | The RSU, which provided for vesting and settlement on February 1, 2022, was cancelled pursuant to the Merger Agreement and the Reporting Person became entitled to receive an initial cash payment equal to the product of $14.00 and the sum of the number of shares of Issuer's Common Stock subject to the RSU less all applicable deductions and withholdings required by Law to be withheld in respect of such payment. |
F4 | Not applicable. |
F5 | The RSU, which provided for vesting and settlement on February 1, 2023 was cancelled pursuant to the Merger Agreement and the Reporting Person became entitled to receive an initial cash payment equal to the product of $14.00 and the sum of the number of shares of Issuer's Common Stock subject to the RSU less all applicable deductions and withholdings required by Law to be withheld in respect of such payment. |
F6 | The RSU, which provided for vesting and settlement on February 1, 2024, was cancelled pursuant to the Merger Agreement and the Reporting Person became entitled to receive an initial cash payment equal to the product of $14.00 and the sum of the number of shares of Issuer's Common Stock subject to the RSU less all applicable deductions and withholdings required by Law to be withheld in respect of such payment. |
F7 | The RSU, which represents performance-based grants which vested immediately prior to the Effective Time, was cancelled pursuant to the Merger Agreement and the Reporting Person became entitled to receive an initial cash payment equal to the product of $14.00 and the sum of the number of shares of Issuer's Common Stock subject to the RSU less all applicable deductions and withholdings required by Law to be withheld in respect of such payment. |