Sahal S. Laher - 03 Nov 2022 Form 4 Insider Report for Stonemor Inc.

Reporting relationship: Officer
Issuer ticker: N/A
Reported as of: 03 Nov 2022
Net transaction value: -$9,000
SEC form: 4
Accepted by SEC: 04 Nov 2022, 12:34:18 UTC
Prior SEC filing: 31 May 2022
Source filing: View source filing
Reporting owner signature: /s/ Shirley Herman, Attorney-in-Fact

Key filing fact

Sahal S. Laher filed Form 4 for Stonemor Inc. on 04 Nov 2022.

Key facts

This page summarizes Sahal S. Laher's Form 4 filing for Stonemor Inc..
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 04 Nov 2022, 12:34.

Change

Previous filing in this sequence was filed on 31 May 2022.
Current net transaction value: -$9,000.

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 derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

STON transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $9,000
Shares: -112,500
Change %: -100%
Price: $0.0800^*
Shares after: 0
Date: 03 Nov 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 112,500
Exercise price: $3.42
Footnotes: F1

STON transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -112,500
Change %: -100%
Price
Shares after: 0
Date: 03 Nov 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 112,500
Exercise price: $3.42
Footnotes: F2

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

This option, which provided for vesting in equal annual installments over a three-year period, commencing on the first anniversary following the date of grant which was May 27, 2022, was cancelled in the merger contemplated by an Agreement and Plan of Merger among Axar Cemetery Parent Corp. ("Axar"), StoneMor Inc. and Axar Cemetery Merger Corp. in exchange for a cash payment of $9,000, representing the difference between the exercise price of the option and the cash merger consideration per share.

Footnote F2

This option, which provided for vesting in equal annual installments over a three-year period, commencing on the first anniversary following the date of grant which was December 3, 2020, was assumed by Axar in the merger and replaced with a fully vested option to purchase 112,500 shares of Axar common stock for $3.42 per share.

SEC remarks

SVP and Chief Information Officer The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owners of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person.