SEC Form 4 · accession 0001628280-15-004851

Borderfree, Inc. · BRDR

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

Reporting owner

Officer — Chief Strategy Officer

Period of report

Jun 10, 2015

Accepted (ET)

Jun 10, 2015 · 8:54 am EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001277141

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Jun 10, 2015	U	15,847	$14.00	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Option (Right to Buy)^F1	$0.28	Jun 10, 2015	D	22,305	D	—	Jul 19, 2017	Common Stock	22,305	D
Stock Option (Right to Buy)^F1	$0.28	Jun 10, 2015	D	97,401	D	—	Sep 11, 2018	Common Stock	97,401	D
Stock Option (Right to Buy)^F1	$0.28	Jun 10, 2015	D	107,255	D	—	Dec 13, 2020	Common Stock	107,255	D
Stock Option (Right to Buy)^F1	$0.28	Jun 10, 2015	D	119,952	D	—	Mar 4, 2018	Common Stock	119,952	D
Stock Option (Right to Buy)^F2	$16.00	Jun 10, 2015	D	67,065	D	—	Mar 20, 2024	Common Stock	67,065	D
Common Stock^F1	$7.68	Jun 10, 2015	D	63,500	D	—	Mar 1, 2024	Common Stock	63,500	D

F1Represents options (the "Options") to purchase the Issuer's common stock that were subject to vesting over time but were cancelled at the effective time of the merger (the "Merger") pursuant to the Agreement and Plan of Merger, dated May 5, 2015, by and among the Company, Pitney Bowes Inc. and BrickBreaker Acquisition Corp., in which outstanding options were exchanged for a cash payment in the amount by which the per share purchase price of $14.00 (the "Merger Consideration") exceeded the exercise price of the option as of the effective time of the Merger.
F2Represents options (the "Options") to purchase the Issuer's common stock that were subject to vesting over time but were cancelled at the effective time of the merger (the "Merger") pursuant to the Agreement and Plan of Merger, dated May 5, 2015, by and among the Company, Pitney Bowes Inc. and BrickBreaker Acquisition Corp., in which outstanding options were exchanged for a cash payment in the amount by which the per share purchase price of $14.00 (the "Merger Consideration") exceeded the exercise price of the option as of the effective time of the Merger. Because the exercise price of such Options exceeded the Merger Consideration, such Options were cancelled without consideration.