SEC Form 4 · accession 0000899681-19-000016
INTERSECTIONS INC · INTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce L Lev
Director
Period of report
Jan 11, 2019
Accepted (ET)
Jan 15, 2019 · 10:03 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001095277
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F1 | — | Jan 11, 2019 | D | 20,000 | D | — | — | Common Stock | 20,000 | 0 | D |
| Restricted Stock UnitF2,F1 | — | Jan 11, 2019 | D | 7,500 | D | — | — | Common Stock | 7,500 | 0 | D |
| Restricted Stock UnitF2,F1 | — | Jan 11, 2019 | D | 2,500 | D | — | — | Common Stock | 2,500 | 0 | D |
| Restricted Stock UnitF2,F1 | — | Jan 11, 2019 | D | 1,250 | D | — | — | Common Stock | 1,250 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock or, at the Issuer's option, cash or a combination of the two.
- F2Reflects disposition on January 11, 2019, pursuant to the terms of the Agreement and Plan of Merger, by and among WC SACD One Parent, Inc., a Delaware corporation ("Parent"), WC SACD One Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent and the Issuer dated as of October 31, 2018 (as amended, the "Merger Agreement"). In accordance with the terms of the Merger Agreement, each restricted stock unit (including restricted stock units that became fully vested pursuant to the Merger Agreement) was cancelled and converted automatically into the right to receive $3.68 in cash.