SEC Form 4 · accession 0001615774-16-006235
UNITED ONLINE INC · UNTD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Berglass
Director
Period of report
Jul 1, 2016
Accepted (ET)
Jul 6, 2016 · 5:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001142701
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 1, 2016 | D | 23,949 | $11.00 | D | 0 | D | |
| Common StockF2 | Jul 1, 2016 | D | 428 | $11.00 | D | 0 | I | Robert H. Berglass Living Trust UA 7/8/1998 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes shares subject to restricted stock unit awards that were to be issued as those awards vested. These restricted stock unit awards were cancelled and entitled the Reporting Person to $11.00 per award in cash in connection with the merger described below.
- F2In connection with the merger of Unify Merger Sub, Inc. ("Merger Sub"), a wholly-owned subsidiary of B. Riley Financial, Inc. ("BRF") with and into United Online, Inc. ("United") on July 1, 2016 pursuant to the Agreement and Plan of Merger, dated May 4, 2016, by and among BRF, Merger Sub and United, the Reporting Person received $11.00 per share in cash, subject to applicable tax withholding, in exchange for each share of United common stock and each restricted stock unit award reported herein.