SEC Form 4 · accession 0001628280-15-004860
Borderfree, Inc. · BRDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J. Ganci
Officer — Executive Vice President
Period of report
Jun 10, 2015
Accepted (ET)
Jun 10, 2015 · 8:56 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001277141
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 | $8.29 | Jun 10, 2015 | D | 147,360 | D | — | Sep 26, 2023 | Common Stock | 147,360 | 0 | D |
| Stock Option (Right to Buy)F1 | $7.68 | Jun 10, 2015 | D | 63,500 | D | — | Mar 1, 2024 | Common Stock | 63,500 | 0 | D |
| Stock Option (Right to Buy)F1 | $15.02 | Jun 10, 2015 | D | 39,521 | D | — | Jun 2, 2024 | Common Stock | 39,521 | 0 | D |
Explanation of responses
- 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.