Actionable news
0
All posts from Actionable news
Actionable news in MRGE: Merge Healthcare Incorporated.,

Merge Healthcare Incorporated. director just disposed of 302,594 shares

Neele E Stearns, a director of Merge Healthcare Incorporated., recently disposed of 302,594 shares of the company. The disposals took place at $7.13 per share, on October 13, 2015. Stearns no longer owns any shares of the company. Stearns operates out of Chicago, IL. Some additional info was provided as follows:

Disposed of pursuant to the Agreement and Plan of Merger dated as of August 6, 2015, by and among International Business Machines Corporation, Datong Acquisition Corp. and Issuer, Merge Healthcare Incorporated (the "Merger"), in which the Issuer's holders of common stock, as of the effective time of the Merger, October 13, 2015, were entitled to receive $7.13 per share of common stock (the "Merger Consideration"). Shares of Common Stock held by S I P of Illin ois Limited Partnership, of which Mr. Stearns is a partner. This Restricted Stock Award ("RSA") granted pursuant to the 2005 Equity Incentive Plan (a Rule 16b-3 shareholder approved employee benefit plan) of Issuer, provided for the restrictions on such shares to lapse with such shares becoming immediately...

More