SEC Form 4 · accession 0001328319-17-000027
LIONBRIDGE TECHNOLOGIES INC /DE/ · LIOX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan Kantor
Director
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 3:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001058299
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| stock option (right to buy)F1,F2 | $4.63 | Feb 28, 2017 | D | 27,353 | D | — | Jul 18, 2021 | common stock | 27,353 | 0 | D |
| restricted stock unitsF2 | $0.00 | Feb 28, 2017 | D | 7,559 | D | — | Aug 18, 2017 | common stock | 7,559 | 0 | D |
Explanation of responses
- F1Immediately prior to the effective time of the Merger, each Lionbridge option, whether or not vested and exercisable, outstanding and unexercised immediately prior to the effective time was converted into the right to receive an amount in cash (less applicable tax withholdings) equal to the product of (a) the excess of $5.75 over the per share exercise price of such stock option and (b) the total number of shares of common stock subject to such stock option.
- F2Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 12, 2016, by and among Lionbridge Technologies, Inc. ("Lionbridge") and entities affiliated with H.I.G. Capital, LLC (the "Merger Agreement"). The Merger Agreement provides that each share of Lionbridge common stock and each outstanding restricted stock unit shall be converted into the right to receive $5.75 in cash, without interest (the "Merger").