Ms. Cynthia M. Egnotovich - 28 Jul 2022 Form 4 Insider Report for Welbilt, Inc.

Role
Director
Signature
/s/ Joel H. Horn, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
28 Jul 2022
Net transactions value
-$4,818,648
Form type
4
Filing time
29 Jul 2022, 09:33:15 UTC
Previous filing
06 May 2022
Next filing
28 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBT Common Stock Disposed to Issuer $3,782,952 -157,623 -100% $24.00 0 28 Jul 2022 Direct F1, F2
transaction WBT Common Stock Disposed to Issuer $1,035,696 -43,154 -100% $24.00 0 28 Jul 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ms. Cynthia M. Egnotovich is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 14, 2021, by and among the Issuer, Ali Holding S.r.l., an Italian societa a responsabilita limitata ("Ali"), Ali Group North America Corporation, a Delaware corporation and a wholly owned subsidiary of Ali ("Acquiror"), and Ascend Merger Corp. ("Merger Sub"), a Delaware corporation and a wholly owned subsidiary of Acquiror, in exchange for cash consideration of $24.00 per share of common stock of the Issuer (the "Merger Consideration") on the effective date of the merger.
F2 Stock options were canceled in the merger in exchange for an amount in cash equal to the difference between the Merger Consideration of $24.00 and the exercise price of the option.
F3 Represents shares underlying restricted stock units of the Issuer (the "Company RSUs"), which were converted into the right to receive cash in an amount equal to the number of shares of common stock of the Issuer underlying such Company RSUs multiplied by the Merger Consideration.