Brian R. Gamache - 28 Jul 2022 Form 4 Insider Report for Welbilt, Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 28 Jul 2022
Net transaction value: -$1,177,968
SEC form: 4
Accepted by SEC: 29 Jul 2022, 09:38:33 UTC
Prior SEC filing: 18 Feb 2022
Source filing: View source filing
Reporting owner signature: /s/ Joel H. Horn, as Attorney-in-Fact

Key filing fact

Brian R. Gamache filed Form 4 for Welbilt, Inc. on 29 Jul 2022.

Key facts

This page summarizes Brian R. Gamache's Form 4 filing for Welbilt, Inc..
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 29 Jul 2022, 09:38.

Change

Previous filing in this sequence was filed on 18 Feb 2022.
Current net transaction value: -$1,177,968.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WBT transaction

Common Stock

Disposed to Issuer

Transaction value: $1,056,648
Shares: -44,027
Change %: -100%
Price: $24.00
Shares after: 0
Date: 28 Jul 2022
Ownership: Direct
Footnotes: F1, F2

WBT transaction

Common Stock

Disposed to Issuer

Transaction value: $121,320
Shares: -5,055
Change %: -100%
Price: $24.00
Shares after: 0
Date: 28 Jul 2022
Ownership: Direct
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Brian R. Gamache is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 14, 2021, by and among the Issuer, Ali Holding S.r.l., an Italian societa a responsabilita limitata ("Ali"), Ali Group North America Corporation, a Delaware corporation and a wholly owned subsidiary of Ali ("Acquiror"), and Ascend Merger Corp. ("Merger Sub"), a Delaware corporation and a wholly owned subsidiary of Acquiror, in exchange for cash consideration of $24.00 per share of common stock of the Issuer (the "Merger Consideration") on the effective date of the merger.

Footnote F2

Stock options were canceled in the merger in exchange for an amount in cash equal to the difference between the Merger Consideration of $24.00 and the exercise price of the option.

Footnote F3

Represents shares underlying restricted stock units of the Issuer (the "Company RSUs"), which were converted into the right to receive cash in an amount equal to the number of shares of common stock of the Issuer underlying such Company RSUs multiplied by the Merger Consideration.