Tracey Luttrell - 22 Nov 2024 Form 4 Insider Report for ARC DOCUMENT SOLUTIONS, INC.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 22 Nov 2024
Net transaction value: -$64,423
SEC form: 4
Accepted by SEC: 22 Nov 2024, 19:51:56 UTC
Prior SEC filing: 23 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Tracey Luttrell

Key filing fact

Tracey Luttrell filed Form 4 for ARC DOCUMENT SOLUTIONS, INC. on 22 Nov 2024.

Key facts

This page summarizes Tracey Luttrell's Form 4 filing for ARC DOCUMENT SOLUTIONS, INC..
7 reported transactions and 6 derivative rows are listed below.
Accepted by SEC: 22 Nov 2024, 19:51.

Change

Previous filing in this sequence was filed on 23 Feb 2024.
Current net transaction value: -$64,423.

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.

ARC transaction

Common Stock

Disposed to Issuer

Transaction value: $64,423
Shares: -18,948
Change %: -100%
Price: $3.40
Shares after: 0
Date: 22 Nov 2024
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

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

ARC transaction Derivative

Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -50,000
Change %: -100%
Price
Shares after: 0
Date: 22 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 50,000
Exercise price: $2.65
Footnotes: F1, F3

ARC transaction Derivative

Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -47,500
Change %: -100%
Price
Shares after: 0
Date: 22 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 47,500
Exercise price: $3.69
Footnotes: F1, F4

ARC transaction Derivative

Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -47,500
Change %: -100%
Price
Shares after: 0
Date: 22 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 47,500
Exercise price: $3.21
Footnotes: F1, F3

ARC transaction Derivative

Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -45,000
Change %: -100%
Price
Shares after: 0
Date: 22 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 45,000
Exercise price: $2.25
Footnotes: F1, F3

ARC transaction Derivative

Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -20,000
Change %: -100%
Price
Shares after: 0
Date: 22 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 20,000
Exercise price: $1.28
Footnotes: F1, F3

ARC transaction Derivative

Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -7,500
Change %: -100%
Price
Shares after: 0
Date: 22 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,500
Exercise price: $2.38
Footnotes: F1, F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 4 footnotes

Footnote F1

Represents securities disposed of under the Agreement and Plan of Merger (as amended, the 'Merger Agreement') dated August 27, 2024, by and among ARC Document Solutions, Inc. (the 'Company') TechPrint Holdings, LLC ('Parent'), TechPrint Merger Sub, Inc. ('Merger Sub'), under which Merger Sub merged with and into the Company (the 'Merger'), with the Company surviving as the surviving corporation ('Surviving Corporation') in the Merger.

Footnote F2

Includes 17,277 shares acquired under the Company's Amended and Restated 2005 Employee Stock Purchase Plan, as amended. At the effective time of the Merger (the 'Effective Time'), each of these shares of common stock of the Company ('Shares') was cancelled and converted into the right to receive $3.40 (the 'Merger Consideration') in cash without interest thereon.

Footnote F3

Under the Merger Agreement, at the Effective Time, each of these options, whether vested or unvested, was converted into the right to receive an amount in cash, without interest, equal to the product of (i) the amount by which the Merger Consideration exceeds the exercise price per share of such company option and (ii) the aggregate number of Shares remaining issuable upon exercise of such company option, less applicable taxes and authorized deductions.

Footnote F4

Under the Merger Agreement, each of these options, whether vested or unvested, was cancelled without the payment of consideration.