Tracey Luttrell - 22 Nov 2024 Form 4 Insider Report for ARC DOCUMENT SOLUTIONS, INC.

Role
Director
Signature
/s/ Tracey Luttrell
Issuer symbol
N/A
Transactions as of
22 Nov 2024
Net transactions value
-$64,423
Form type
4
Filing time
22 Nov 2024, 19:51:56 UTC
Previous filing
23 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARC Common Stock Disposed to Issuer $64,423 -18,948 -100% $3.40 0 22 Nov 2024 Direct F1, F2

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 ARC Option (right to buy) Disposed to Issuer -50,000 -100% 0 22 Nov 2024 Common Stock 50,000 $2.65 Direct F1, F3
transaction ARC Option (right to buy) Disposed to Issuer -47,500 -100% 0 22 Nov 2024 Common Stock 47,500 $3.69 Direct F1, F4
transaction ARC Option (right to buy) Disposed to Issuer -47,500 -100% 0 22 Nov 2024 Common Stock 47,500 $3.21 Direct F1, F3
transaction ARC Option (right to buy) Disposed to Issuer -45,000 -100% 0 22 Nov 2024 Common Stock 45,000 $2.25 Direct F1, F3
transaction ARC Option (right to buy) Disposed to Issuer -20,000 -100% 0 22 Nov 2024 Common Stock 20,000 $1.28 Direct F1, F3
transaction ARC Option (right to buy) Disposed to Issuer -7,500 -100% 0 22 Nov 2024 Common Stock 7,500 $2.38 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Tracey Luttrell is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents securities disposed of under the Agreement and Plan of Merger (as amended, the 'Merger Agreement') dated August 27, 2024, by and among ARC Document Solutions, Inc. (the 'Company') TechPrint Holdings, LLC ('Parent'), TechPrint Merger Sub, Inc. ('Merger Sub'), under which Merger Sub merged with and into the Company (the 'Merger'), with the Company surviving as the surviving corporation ('Surviving Corporation') in the Merger.
F2 Includes 17,277 shares acquired under the Company's Amended and Restated 2005 Employee Stock Purchase Plan, as amended. At the effective time of the Merger (the 'Effective Time'), each of these shares of common stock of the Company ('Shares') was cancelled and converted into the right to receive $3.40 (the 'Merger Consideration') in cash without interest thereon.
F3 Under the Merger Agreement, at the Effective Time, each of these options, whether vested or unvested, was converted into the right to receive an amount in cash, without interest, equal to the product of (i) the amount by which the Merger Consideration exceeds the exercise price per share of such company option and (ii) the aggregate number of Shares remaining issuable upon exercise of such company option, less applicable taxes and authorized deductions.
F4 Under the Merger Agreement, each of these options, whether vested or unvested, was cancelled without the payment of consideration.