ZAGG (ZAGG) executive Smith returned to the company 69,600 shares

Insider transactions reported

Taylor D Smith (executive at ZAGG Inc, ZAGG) reported that they returned to the company 69,600 shares on Feb 22, 2021. After these transactions the filing shows 0 shares held directly.

Reporting person

Smith Taylor D

Holdings before and after

• Common Stock: 69,600 to 0 direct

Footnotes from the filing

1. 1. Such amount includes 13,426 restricted stock units ( Company RSUs ), the vesting of which was accelerated at the Effective Time (as defined below).
2. 2. At the effective time of the merger contemplated by the Agreement and Plan of Merger, dated as of December 10, 2020, by and among ZAGG Inc (the Company ), Zephyr Parent, Inc. and Zephyr Merger Sub, Inc. (the Effective Time ), each issued and outstanding share of common stock of the Company (each, a Share ) held by Taylor D. Smith was converted into the right to receive $4.20 in cash (the Cash Consideration ) and one PPP Loan Forgiveness Right representing the contingent right to receive and additional amount, net of certain fees and expenses, contingent upon the satisfaction of certain conditions related to the U.S. Small Business Administration Paycheck Protection Program Loan issued to ZAGG on April 13, 2020, without interest and subject to any applicable withholding taxes.
3. 3. At the Effective Time, each outstanding Company RSU was converted into the right to receive the Cash Consideration multiplied by the aggregate number of Shares underlying such Company RSU and an aggregate number of PPP Loan Forgiveness Rights equal to the number of Shares underlying such Company RSU.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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