Bradford L. Brooks - 22 Nov 2024 Form 4 Insider Report for ARC DOCUMENT SOLUTIONS, INC.

Role
Director
Signature
/s/ Tracey Luttrell, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
22 Nov 2024
Net transactions value
-$615,679
Form type
4
Filing time
22 Nov 2024, 19:52:26 UTC
Previous filing
03 May 2024
Next filing
03 Nov 2025
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 $554,479 -163,082 -82% $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
transaction ARC Common Stock Disposed to Issuer $27,200 -8,000 -100% $3.40 0 22 Nov 2024 By Roth IRA F1, F2
transaction ARC Common Stock Disposed to Issuer $34,000 -10,000 -100% $3.40 0 22 Nov 2024 By IRA 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 -20,350 -100% 0 22 Nov 2024 Common Stock 20,350 $1.28 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Bradford L. Brooks 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 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 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.
F4 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.