Boingo Wireless (WIFI) director Davis returned to the company 102,724 shares

Insider transactions reported

Chuck Davis (director at Boingo Wireless, Inc., WIFI) reported that they returned to the company 102,724 shares on Jun 2, 2021. After these transactions the filing shows 0 shares held directly.

Reporting person

Davis Chuck

Options and other derivatives

Holdings before and after

• Common Stock: 102,724 to 0 direct

Footnotes from the filing

1. 1. Disposed of pursuant to the Agreement and Plan of Merger between Issuer, White Sands Parent, Inc., and White Sands Bidco, Inc. (the Merger Agreement ), whereby, immediately prior to the effective time of the merger contemplated therein (the Effective Time ), all issued and outstanding shares of Issuer common stock were converted into the right to receive $14.00 per share in cash and, when so converted, automatically cancelled.
2. 2. Each restricted stock unit ( RSU ) represented a contingent right to receive one share of the Issuer's common stock.
3. 3. The RSU provided for vesting and settlement in full upon the earlier of: (i) June 4, 2021; (ii) a change in control of Boingo Wireless, Inc.; or (iii) the day immediately prior to Boingo Wireless, Inc.'s first regular meeting of stockholders that occurs in 2021. The RSU was cancelled pursuant to the Merger Agreement and the Reporting Person became entitled to receive an initial cash payment equal to the product of $14.00 and the sum of the number of shares of Issuer's Common Stock subject to the RSU less all applicable deductions and withholdings required by Law to be withheld in respect of such payment.
4. 4. Not applicable.

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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