Key facts
- This page summarizes Rajan C. Penkar's Form 4 filing for USA TRUCK INC.
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 15 Sep 2022, 10:33.
Rajan C. Penkar - 15 Sep 2022 Form 4 Insider Report for USA TRUCK INC
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 15 Sep 2022
- Net transaction value
- -$179,630
- SEC form
- 4
- Accepted by SEC
- 15 Sep 2022, 10:33:27 UTC
- Prior SEC filing
- 10 Jun 2022
- Next SEC filing
- 15 May 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Zachary B. King, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Rajan C. Penkar filed Form 4 for USA TRUCK INC on 15 Sep 2022.
Change
- Previous filing in this sequence was filed on 10 Jun 2022.
- Current net transaction value: -$179,630.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
USAK
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $179,630
- Shares
- -5,663
- Change %
- -100%
- Price
- $31.72
- Shares after
- 0
- Date
- 15 Sep 2022
- Ownership
- Direct
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Rajan C. Penkar is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
On September 15, 2022, pursuant to an Agreement and Plan of Merger, dated as of June 23, 2022 (the "Merger Agreement"), among USA Truck, Inc. (the "Company"), Schenker, Inc. ("Parent"), and Tango Merger, Inc. ("Merger Sub"), Merger Sub was merged with and into the Company (the "Merger") with the Company surviving the Merger as a wholly-owned subsidiary of Parent. Pursuant to the Merger Agreement, at the effective time of the Merger, each share of the Company common stock (other than certain excluded shares) was converted into the right to receive $31.72 in cash (the "Merger Consideration") and each share of restricted stock of the Company became fully vested and was cancelled in exchange for the right to receive a cash payment equal to the product of (i) the total number of shares of Company common stock underlying each such award of restricted stock and (ii) the Merger Consideration.
Footnote F2
Includes 2,906 shares of restricted stock that became fully vested in connection with the Merger.