Steven J. Shulman - Apr 6, 2022 Form 4 Insider Report for SOC Telemed, Inc. (TLMD)

Signature
/s/ Eunice Kim, as Attorney-in-Fact
Stock symbol
TLMD
Transactions as of
Apr 6, 2022
Transactions value $
-$3,336,873
Form type
4
Date filed
4/7/2022, 04:29 PM
Previous filing
Feb 7, 2022
Next filing
Nov 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLMD Class A Common Stock Disposed to Issuer -$3.34M -1.11M -100% $3.00 0 Apr 6, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Steven J. Shulman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On April 6, 2022, pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 2, 2022, by and among SOC Telemed, Inc. (the "Issuer"), Spark Parent, Inc. ("Parent") and Spark Merger Sub, Inc. ("Merger Sub"), pursuant to which Merger Sub was merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a direct, wholly owned subsidiary of Parent, each share of the Issuer's Class A Common Stock (other than certain excluded shares) outstanding as of immediately prior to the effective time of the Merger (the "Effective Time") was canceled and automatically converted into the right to receive an amount in cash equal to $3.00 (the "Merger Consideration"), without any interest thereon and subject to any applicable withholding taxes.
F2 Excludes 606,214 shares forfeited at the Effective Time in accordance with the Agreement and Plan of Merger, dated as of July 29, 2020, by and among the Issuer, Sabre Merger Sub I, Inc., Sabre Merger Sub II, LLC and Specialists On Call, Inc. and the letter agreement dated as of July 29, 2020, between the Issuer and HCMC Sponsor LLC.