Janet Raye Cowell - Nov 15, 2022 Form 4 Insider Report for CHANNELADVISOR CORP (ECOM)

Role
Director
Signature
/s/ Brian F. Leaf, attorney-in-fact
Stock symbol
ECOM
Transactions as of
Nov 15, 2022
Transactions value $
$0
Form type
4
Date filed
11/15/2022, 04:08 PM
Previous filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ECOM Common Stock Disposed to Issuer -20.8K -71.3% 8.38K Nov 15, 2022 Direct F1
transaction ECOM Common Stock Disposed to Issuer -8.38K -100% 0 Nov 15, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Janet Raye Cowell is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On November 15, 2022, the effective date (the "Effective Date") of the merger between the Issuer, CommerceHub, Inc., a Delaware corporation ("CommerceHub") and CH Merger Sub, Inc., a Delaware corporation ("CH Merger Sub") and a wholly owned subsidiary of CommerceHub pursuant to which CH Merger Sub merged with and into the Issuer with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of CommerceHub (the "Merger"), each share of the Issuer's common stock was cancelled in exchange for $23.10 per share.
F2 The security represents restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
F3 On the Effective Date, pursuant to the Merger, these restricted stock units were cancelled in exchange for a cash payment equal to (A) the total number of shares of common stock underlying such restricted stock units, multiplied by (B) $23.10.