Michael W. Minnich - 20 Dec 2023 Form 4 Insider Report for MIDWEST HOLDING INC.

Reporting relationship: President and Chief Investment Officer, Director, 10%+ Owner
Issuer ticker: N/A
Reported as of: 20 Dec 2023
Net transaction value: -$11,470,815
SEC form: 4
Accepted by SEC: 21 Dec 2023, 16:17:04 UTC
Prior SEC filing: 29 Nov 2021
Source filing: View source filing
Reporting owner signature: /s/ Michael W. Minnich

Key filing fact

Michael W. Minnich filed Form 4 for MIDWEST HOLDING INC. on 21 Dec 2023.

Key facts

This page summarizes Michael W. Minnich's Form 4 filing for MIDWEST HOLDING INC..
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 21 Dec 2023, 16:17.

Change

Previous filing in this sequence was filed on 29 Nov 2021.
Current net transaction value: -$11,470,815.

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.

MDWT transaction

Common Stock

Disposed to Issuer

Transaction value: $315,063
Shares: -11,669
Change %: -100%
Price: $27.00
Shares after: 0
Date: 20 Dec 2023
Ownership: Direct
Footnotes: F1, F2

MDWT transaction

Common Stock

Disposed to Issuer

Transaction value: $11,155,752
Shares: -413,176
Change %: -100%
Price: $27.00
Shares after: 0
Date: 20 Dec 2023
Ownership: Through Rendezvous Capital LLC
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

Michael W. Minnich 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

The shares of Company common stock (the "Company Common Stock") were disposed of pursuant to the Agreement and Plan of Merger, dated as of April 30, 2023 (the "Merger Agreement"), by and among Midwest Holding Inc., a Delaware corporation (the "Company"), Midas Parent, LP, a Delaware limited partnership ("Parent") and Midas Merger Acquisition Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent, whereby at the effective time of the merger contemplated therein (the "Effective Time"), each share of Company Common Stock issued and outstanding immediately prior to the Effective Time, subject to certain exceptions as provided in the Merger Agreement, was converted into the right to receive $27.00 in cash, without interest (the "Merger Consideration"), subject to any required tax withholding as provided in the Merger Agreement.

Footnote F2

At the Effective Time, each Company stock option that was out-of-the-money was cancelled for no consideration in accordance with the terms of the Merger Agreement.

Footnote F3

Mr. Minnich controls Rendezvous Capital LLC, which is an entity owned by Mr. Minnich and his spouse.

SEC remarks

President and Chief Investment Officer