SEC Form 4 · accession 0000054441-16-000153
FURMANITE CORP · FRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Edward Fanta
Director
Period of report
Feb 25, 2016
Accepted (ET)
Mar 1, 2016 · 6:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000054441
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF2 | Feb 25, 2016 | A | 10,000 | $0.00 | A | 26,500 | D | |
| Common stockF1 | Feb 29, 2016 | D | 26,500 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the terms of the Agreement and Plan of Merger, dated November 1, 2015, by and among Furmanite Corporation, Team, Inc. and TFA, Inc. (the "Merger Agreement"), upon consummation of the merger as contemplated by the Merger Agreement, each share of Furmanite Corporation common stock was converted into the right to receive 0.215 shares of Team, Inc. common stock, with cash paid for any fractional shares. Additionally, at such time, all restricted shares became vested in full and free of restrictions.
- F2Represents award of restricted stock, which became fully vested on February 29, 2016 upon consummation of the merger as contemplated by the Merger Agreement.