SEC Form 4 · accession 0000880804-15-000075
PREMIERE GLOBAL SERVICES, INC. · PGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
K Robert Draughon
Director
Period of report
Dec 8, 2015
Accepted (ET)
Dec 9, 2015 · 11:08 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000880804
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 8, 2015 | D | 43,086 | $14.00 | D | 0 | D | |
| Common Stock | Dec 8, 2015 | D | 200 | $14.00 | D | 0 | I | By reporting person as UGMA custodian for daughter |
| Common Stock | Dec 8, 2015 | D | 100 | $14.00 | D | 0 | I | By reporting person as UGMA custodian for son |
| Common Stock | Dec 8, 2015 | D | 100 | $14.00 | D | 0 | I | By reporting person as UGMA custodian for son |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 10, 2015, by and among Pangea Private Holdings, II, LLC, a Delaware limited liability company ("Parent"), Pangea Merger Sub, Inc., a Georgia corporation and wholly owned subsidiary of Parent ("Merger Sub"), and Premiere Global Services, Inc. (the "Company"), on December 8, 2015 (the "Effective Date"), Merger Sub merged with and into the Company, with the Company surviving as a wholly owned subsidiary of Parent.
- F2Pursuant to the Merger Agreement, on the Effective Date, each outstanding share of the Company's common stock was converted into the right to receive a cash payment of $14.00 (the "Merger Consideration").