| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARC | Common Stock | Disposed to Issuer | $503,941 | -148,218 | -81% | $3.40 | 35,714 | 22 Nov 2024 | Direct | F1, F2, F3 |
| transaction | ARC | Common Stock | Disposed to Issuer | -35,714 | -100% | 0 | 22 Nov 2024 | Direct | F1, F3 |
Cheryl Cook is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| 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 | At the effective time of the Merger (the 'Effective Time'), each of these issued and outstanding 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 | Represents unvested restricted stock which, under the Merger Agreement, at the Effective Time, were cancelled and converted into the right to receive a cash payment equal to the product of (i) the number of unvested Shares covered thereby multiplied by (ii) the Merger Consideration, less applicable taxes and authorized deductions. |