Eric Wayne Davis - 15 Jun 2021 Form 4 Insider Report for Houston Wire & Cable CO

Role
VP & CFO
Signature
/S/TAMIKA HOWARD, ATTORNEY-IN-FACT
Issuer symbol
N/A
Transactions as of
15 Jun 2021
Net transactions value
$0
Form type
4
Filing time
17 Jun 2021, 20:46:49 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HWCC COMMON STOCK Disposed to Issuer -77,652 -100% 0 15 Jun 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HWCC RESTRICTED STOCK UNIT Disposed to Issuer -2,051 -100% 0 15 Jun 2021 COMMON STOCK 2,051 Direct F2
transaction HWCC STOCK OPTION Disposed to Issuer -5,000 -100% 0 15 Jun 2021 COMMON STOCK 5,000 $5000.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Eric Wayne Davis is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 24, 2021, by and among the Omni Cable, LLC, OCDFH Acquisition Sub Inc. ("Merger Sub") and Houston Wire & Cable Company (the "Issuer"), effective as of the effective time of the merger of Merger Sub with and into the Issuer (the "Merger"), these shares of the Issuer's common stock were canceled and converted into the right to receive $5.30 in cash per share (the "Merger Consideration"). The number of shares reported includes 61,142 shares of restricted stock subject to vesting considerations previously reported, which vested in full upon consummation of the Merger.
F2 The number of restricted stock units reported includes 2,051 restricted stock units subject to time-based vesting conditions previously reported, which vested in full upon consummation of the Merger. Pursuant to the Merger Agreement, effective as of the effective time of the Merger these restricted stock units were canceled and converted into the right to receive the Merger Consideration.
F3 These stock options vested in one-third increments on each of the first three anniversaries of the grant date.
F4 Pursuant to the Merger Agreement, these outstanding vested stock options were cancelled without any payment to the reporting person, since the exercise price was greater than the Merger Consideration.