ZAGG (ZAGG) director Terino returned to the company 57,046 shares

Insider transactions reported

Edward Terino (director at ZAGG Inc, ZAGG) reported that they returned to the company 57,046 shares on Feb 22, 2021. After these transactions the filing shows 0 shares held directly and 0 shares held indirectly (by GET Advisory Services, LLC).

Reporting person

Terino Edward

Holdings before and after

• Common Stock: 30,000 to 0 direct
• Common Stock: 27,046 to 0 indirect, by GET Advisory Services, LLC

Footnotes from the filing

1. 1. 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 Edward Terino 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.
2. 2. These restricted stock units ( Company RSUs ) were previously vested, but Mr. Terino elected to defer payment until separation of service or change in control. 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.

FAQ