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Xoom Corp director just disposed of 3,924 shares

Murray J Demo, a director of Xoom Corp, recently disposed of 3,924 shares of the company. The disposals took place at $25.00 per share, on November 12, 2015. Demo no longer owns any shares of the company. Demo operates out of San Francisco, CA. Some additional info was provided as follows:

Disposed of pursuant to a merger agreement between the Issuer, PayPal, Inc., Timer Acquisition Corp., and PayPal Holdings, Inc., dated July 1, 2015 (the "Merger Agreement") in exchange for a cash payment of $25.00 per share, without interest. The shares represent a grant of restricted stock units that originally provided for vesting in one installment on May 28, 2016. The units became fully vested immediately prior to the effective time of the merger in accordance with the Issuer 's non-employee director compensation policy. This option originally provided for vesting in forty-eight monthly installments after May 24, 2012. The option became fully...

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