SEC Form 4 · accession 0000914190-17-000188

SAJAN INC · SAJA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Financial Officer

Period of report

Jul 19, 2017

Accepted (ET)

Jul 19, 2017 · 4:46 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001118037

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Jul 19, 2017	D	2,500	$5.83	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Option (Right to Buy)^F2	$5.12	Jul 19, 2017	D	62,500	D	—	Aug 29, 2023	Common Stock	62,500	D
Stock Option (Right to Buy)^F2	$5.32	Jul 19, 2017	D	12,500	D	—	Sep 15, 2024	Common Stock	12,500	D
Stock Option (Right to Buy)^F2	$4.69	Jul 19, 2017	D	10,000	D	—	May 16, 2026	Common Stock	10,000	D

F1Cancelled pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among Sajan, Inc., a Minnesota corporation, Amplexor USA, Inc., a Delaware corporation, ("Amplexor"), and Amplexor Falcon, Inc., a Delaware corporation and a wholly-owned subsidiary of Amplexor and converted into the right to receive $5.83 per share.
F2Pursuant to the Merger Agreement, each unvested stock option became fully vested and exercisable immediately prior to the effective time of the merger. Each stock option that was outstanding and unexercised as of the effective time of the merger and had an exercise price per share that was less than $5.83 was then cancelled and converted into the right to receive a cash payment equal to $5.83 minus the exercise price, multiplied by the number of shares issuable upon exercise of such stock option, less any required withholding of taxes.