ENZOR GARY - 22 Aug 2022 Form 4 Insider Report for SHARPS COMPLIANCE CORP

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
23 Aug 2022, 11:07:57 UTC
Prior SEC filing
20 May 2022
Next SEC filing
15 Sep 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Diana Diaz on behalf of the Reporting Person

Key filing fact

ENZOR GARY filed Form 4 for SHARPS COMPLIANCE CORP on 23 Aug 2022.

Key facts

  • This page summarizes ENZOR GARY's Form 4 filing for SHARPS COMPLIANCE CORP.
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 23 Aug 2022, 11:07.

Change

  • Previous filing in this sequence was filed on 20 May 2022.
  • Current net transaction value: -$241,570.

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.

SMED transaction

Common Stock

Disposition pursuant to a tender of shares in a change of control transaction

Transaction value
$120,785
Shares
-13,804
Change %
-50%
Price
$8.75
Shares after
13,804
Date
22 Aug 2022
Ownership
Direct
Footnotes
F1, F2, F3
SMED transaction

Common Stock

Disposed to Issuer

Transaction value
$120,785
Shares
-13,804
Change %
-100%
Price
$8.75
Shares after
0
Date
23 Aug 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

ENZOR GARY 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

Amount of securities beneficially owned in the reported transaction includes issued and outstanding shares of common stock (the "Common Stock") of Sharps Compliance Corp. (the "Company") and issued and outstanding unvested restricted stock awards granted under the Sharps Compliance Corp. 2010 Stock Plan, as amended.

Footnote F2

On July 12, 2022, the Company entered into that certain Agreement and Plan of Merger (the "Merger Agreement"), by and among the Company, Raven Buyer, Inc., a Delaware corporation ("Parent"), and Raven Houston Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Raven Buyer, Inc. ("Purchaser"), pursuant to which, on July 25, 2022, Purchaser commenced a cash tender offer (the "Offer") to acquire all of the issued and outstanding shares of the Common Stock for a purchase price of $8.75 per share, net to the holders thereof in cash, without interest and subject to any required tax withholding.

Footnote F3

Due to a 1000 character limit, Footnote 3 is a continuation of Footnote 2. On August 22, 2022, Purchaser accepted all shares tendered in the Offer. On August 23, 2022, Purchaser merged with and into the Company (the "Merger") and the Company ceased to be a public company. Pursuant to the Merger Agreement, each share of Common Stock (including each restricted stock award, whether or not vested), that was outstanding immediately prior to the consummation of the Merger was automatically cancelled and, in exchange therefor, the holder is entitled to receive $8.75 per share, net to the holders thereof in cash, without interest and subject to any required tax withholding.

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