| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GTYH | Common Stock | Options Exercise | +84.2K | +72.76% | 200K | Jul 6, 2022 | Direct | F1 | ||
| transaction | GTYH | Common Stock | Disposed to Issuer | -200K | -100% | 0 | Jul 7, 2022 | Direct | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GTYH | Shares of 1176363 B.C. Ltd. | Options Exercise | -84.2K | -100% | 0 | Jul 6, 2022 | Common Stock | 84.2K | Direct | F1 | |||
| transaction | GTYH | Restricted Stock Units | Disposed to Issuer | -17.4K | -100% | 0 | Jul 7, 2022 | Common Stock | 17.4K | Direct | F3, F4 | |||
| transaction | GTYH | Restricted Stock Units | Disposed to Issuer | -6.67K | -100% | 0 | Jul 7, 2022 | Common Stock | 6.67K | Direct | F3, F5 | |||
| transaction | GTYH | Restricted Stock Units | Disposed to Issuer | -3.68K | -100% | 0 | Jul 7, 2022 | Common Stock | 3.68K | Direct | F3, F6 | |||
| transaction | GTYH | Performance Restricted Stock Units | Disposed to Issuer | -7.5K | -100% | 0 | Jul 7, 2022 | Common Stock | 7.5K | Direct | F3, F7 | |||
| transaction | GTYH | Options | Disposed to Issuer | -51.4K | -100% | 0 | Jul 7, 2022 | Common Stock | 51.4K | $2.44 | Direct | F8 |
Omar Salaymeh is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | On July 6, 2022, the Reporting Person exchanged 84,161 Class A shares of 1176363 B.C. Ltd., a company incorporated under the Business Corporations Act (British Columbia) and a wholly owned subsidiary of the issuer ("Exchangeco"), for 84,161 shares of the issuer's common stock. The Class A shares of Exchangeco are exchangeable into shares of the issuer's common stock on a one-for-one basis at any time of the holder's choosing (the "Exchangeco Shares"). The 81,161 Exchangeco Shares were inadvertently omitted from the Reporting Person's original Form 3 and from four Forms 4 filed by the Reporting Person after his original Form 3 was filed. |
| F2 | On July 7, 2022, pursuant to the agreement and plan of merger by and among the issuer, GI Georgia Midco, Inc. ("Parent") and GI Georgia Merger Sub Inc. ("Merger Sub"), dated as of April 28, 2022 (the "merger agreement"), Merger Sub merged with and into the issuer (the "merger"), with the issuer surviving the merger as a wholly owned subsidiary of Parent. Pursuant to the merger agreement, at the effective time of the merger, the shares of the issuer's common stock converted into the right to receive $6.30 per share in cash (the "merger consideration"). |
| F3 | Each restricted stock unit ("RSU") and each performance-based restricted stock unit ("PRSU") represented a contingent right to receive one share of the issuer's common stock. |
| F4 | These RSUs (i) would have vested on February 19, 2023, subject to the reporting person's continuing employment with the issuer at such time and (ii) could have been settled in shares of the issuer's common stock or cash. Pursuant to the merger agreement, these RSUs, which provided for vesting within 12 months following the effective time of the merger, were cancelled and converted into the right to receive the merger consideration per underlying share. |
| F5 | These RSUs (i) would have vested on February 19, 2024, subject to the reporting person's continuing employment with the issuer at such time and (ii) could have been settled in shares of the issuer's common stock or cash. Pursuant to the merger agreement, 50% of these RSUs, which did not provide for vesting within 12 months following the effective time of the merger, were cancelled and converted into the right to receive the merger consideration per underlying share and 50% of these RSUs were cancelled and converted into the right to receive a cash replacement award subject to the same general terms and conditions as the RSUs that such award replaced. |
| F6 | These RSUs (i) would have vested in equal installments of 1,841 on each of February 19, 2023 and February 19, 2024, subject to the reporting person's continuing employment with the issuer at such times and (ii) could have been settled in shares of the issuer's common stock or cash. Pursuant to the merger agreement, (x) 1,841 of these RSUs, which provided for vesting within 12 months following the effective time of the merger, were cancelled and converted into the right to receive the merger consideration per underlying share and (y) with respect to the remaining 1,841 of these RSUs, which did not provide for vesting within 12 months following the effective time of the merger, 50% were cancelled and converted into the right to receive the merger consideration per underlying share and 50% were cancelled and converted into the right to receive a cash replacement award subject to the same general terms and conditions as the RSUs that such award replaced. |
| F7 | These PRSUs (i) would have vested on February 19, 2024, subject to the reporting person's continuing employment with the issuer at such time and the satisfaction of certain performance criteria and (ii) could have been settled in shares of the issuer's common stock or cash. Pursuant to the merger agreement, these PRSUs were cancelled and converted into the right to receive the merger consideration per underlying share. |
| F8 | Pursuant to the merger agreement, at the effective time of the merger, each then-outstanding and unexercised stock option with an exercise price per share less than the merger consideration was automatically cancelled and converted into the right to receive an amount in cash equal to the product of (i) the total number of shares of common stock then underlying such stock option multiplied by (ii) the excess of the merger consideration over the exercise price per share of such stock option. |
Chief Executive Officer of Bonfire