SEC Form 4 · accession 0000892712-17-000665

ARI NETWORK SERVICES INC /WI · ARIS

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

Reporting owner

Director

Period of report

Aug 29, 2017

Accepted (ET)

Aug 31, 2017 · 10:33 am EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000879796

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Aug 29, 2017	D	60,966	$7.10	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Option (Right to Buy)^F2	$1.67	Aug 29, 2017	D	6,000	D	Jul 31, 2008	Dec 26, 2017	Common Stock	6,000	D
Stock Option (Right to Buy)^F2	$1.52	Aug 29, 2017	D	20,000	D	Jul 31, 2008	May 5, 2008	Common Stock	20,000	D
Stock Option (Right to Buy)^F2	$0.825	Aug 29, 2017	D	6,000	D	Jul 31, 2009	Dec 23, 2018	Common Stock	6,000	D
Stock Option (Right to Buy)^F2	$0.74	Aug 29, 2017	D	6,000	D	Jul 31, 2010	Dec 22, 2019	Common Stock	6,000	D
Stock Option (Right to Buy)^F2	$0.655	Aug 29, 2017	D	6,000	D	Jul 31, 2011	Jan 19, 2021	Common Stock	6,000	D
Stock Option (Right to Buy)^F2	$1.35	Aug 29, 2017	D	9,000	D	Jul 31, 2012	Jan 3, 2022	Common Stock	9,000	D

F1Pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated June 20, 2017 among the Issuer, Expedition Holdings LLC ("Parent") and Expedition Merger Sub, Inc., at the effective time (the "Effective Time") of the merger (the "Merger") contemplated under the Merger Agreement, each unvested share of restricted stock of the Issuer vested, and each share of Issuer common stock converted into the right to receive $7.10 in cash.
F2At the Effective Time of the Merger, outstanding options were cancelled and converted into the right to receive, for each share of Issuer common stock subject to the option, an amount in cash equal to (x) $7.10, minus (y) the sum of (1) the exercise price per share of common stock of such option.and (2) any applicable withholding amounts.