Savneet Singh - Sep 1, 2021 Form 4 Insider Report for SharpSpring, Inc. (SHSP)

Role
Director
Signature
/s/ Savneet Singh
Stock symbol
SHSP
Transactions as of
Sep 1, 2021
Transactions value $
$0
Form type
4
Date filed
9/3/2021, 04:06 PM
Previous filing
Jul 23, 2021
Next filing
Oct 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHSP Common stock Disposed to Issuer -2.08K -100% 0 Sep 1, 2021 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 SHSP Stock option (right to buy) Disposed to Issuer -16K -50% 16K Sep 1, 2021 Common stock 16K $9.66 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger dated June 21, 2021, by and among the registrant, Constant Contact, Inc. ("Parent"), a Delaware corporation, and Groove Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("MergerSub"), as of the effective time of the merger of MergerSub with and into the registrant (the "Merger"), these shares of the registrant's common stock were canceled and converted to the right to receive $17.10 in cash per share (the "Per Share Merger Consideration").
F2 Each of the reporting person's unvested options vested immediately prior to the consummation of the Merger, and each outstanding vested stock option was subsequently canceled, with the reporting person entitled to receive a payment in cash, without interest, equal to the product of (i) the total number of shares subject to the cancelled stock option and (ii) the excess, if any, of (A) the Per Share Merger Consideration over (B) the exercise price per share subject to the cancelled company stock option.