Carlton Hamer - 31 Aug 2022 Form 4 Insider Report for AutoWeb, Inc.

Role
EVP, CFO
Signature
/s/ Glenn E. Fuller, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
31 Aug 2022
Net transactions value
-$39,000
Form type
4
Filing time
02 Sep 2022, 18:17:49 UTC
Previous filing
07 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AUTO Common Stock Other $39,000 -100,000 -100% $0.3900 0 31 Aug 2022 Direct F1

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 AUTO Employee Stock Option (Right to Buy) Other $0 -120,000 -100% $0.000000* 0 31 Aug 2022 Common Stock 120,000 $3.32 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 The Reporting Person tendered all of the Reporting Person's shares of Common Stock for, or at the effective time of the Merger Agreement (as defined below) the Reporting Person's shares of Common Stock were converted into the right to receive, a purchase price of $0.39 per share in cash from Unity AC 2, Inc. ("Purchaser"), a wholly-owned subsidiary of Unity AC 1, LLC ("Parent"), pursuant to the terms of that certain Agreement and Plan of Merger, dated July 24, 2022, by and among the Issuer, Purchaser and Parent (the "Merger Agreement").
F2 Pursuant to the Merger Agreement, the Reporting Person's stock options were terminated and cancelled for no consideration as of the effective time of the Merger Agreement.