SEC Form 4 · accession 0001372375-15-000076
Millennial Media Inc. · MM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wenda Harris Millard
Director
Period of report
Oct 22, 2015
Accepted (ET)
Oct 23, 2015 · 9:47 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001372375
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 22, 2015 | U | 75,229 | $1.75 | D | 15,625 | D |
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)F2 | $0.736 | Oct 23, 2015 | D | 436,845 | D | — | May 12, 2019 | Common Stock | 436,845 | 0 | D |
Explanation of responses
- F1Represents unvested restricted stock units that were forfeited for no consideration upon the reporting person's resignation from the board of directors of the Company, effective October 23, 2015.
- F2On September 3, 2015, Millennial Media, Inc. (the "Company") entered into an Agreement and Plan of Merger (the "Merger Agreement") with AOL Inc. ("AOL") and Mars Acquisition Sub, Inc., a wholly owned subsidiary of AOL, pursuant to which AOL acquired the Company in a merger (the "Merger") that became effective on October 23, 2015. Pursuant to the Merger Agreement, each Company stock option outstanding and unexercised immediately prior to the effective time of the Merger (the "Effective Time"), whether vested or unvested, was canceled and converted automatically into the right to receive a cash payment with respect thereto equal to the product of (i) the number of shares of Company common stock subject to such Company stock option immediately prior to the Effective Time and (ii) the excess, if any, of $1.75 over the exercise price per share subject to such Company stock option immediately prior to the Effective Time.