Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | HWCC | COMMON STOCK | Disposed to Issuer | -77.7K | -100% | 0 | Jun 15, 2021 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | HWCC | RESTRICTED STOCK UNIT | Disposed to Issuer | -2.05K | -100% | 0 | Jun 15, 2021 | COMMON STOCK | 2.05K | Direct | F2 | |||
transaction | HWCC | STOCK OPTION | Disposed to Issuer | -5K | -100% | 0 | Jun 15, 2021 | COMMON STOCK | 5K | $5,000.00 | Direct | F3, F4 |
Eric Wayne Davis is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
---|---|
F1 | Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 24, 2021, by and among the Omni Cable, LLC, OCDFH Acquisition Sub Inc. ("Merger Sub") and Houston Wire & Cable Company (the "Issuer"), effective as of the effective time of the merger of Merger Sub with and into the Issuer (the "Merger"), these shares of the Issuer's common stock were canceled and converted into the right to receive $5.30 in cash per share (the "Merger Consideration"). The number of shares reported includes 61,142 shares of restricted stock subject to vesting considerations previously reported, which vested in full upon consummation of the Merger. |
F2 | The number of restricted stock units reported includes 2,051 restricted stock units subject to time-based vesting conditions previously reported, which vested in full upon consummation of the Merger. Pursuant to the Merger Agreement, effective as of the effective time of the Merger these restricted stock units were canceled and converted into the right to receive the Merger Consideration. |
F3 | These stock options vested in one-third increments on each of the first three anniversaries of the grant date. |
F4 | Pursuant to the Merger Agreement, these outstanding vested stock options were cancelled without any payment to the reporting person, since the exercise price was greater than the Merger Consideration. |