George T Henry Receives Stock Award at USA Truck Inc (USAK) — SEC Form 4, Sep 15, 2022

SEC Form 4 · No Market Transaction
Stock Award

Compensation grant — no market purchase or sale.

Reporting Owner
George T Henry
COO
TXN 2022-09-15 · FILED 2022-09-15
Equity Position 0 sh 68,468 → 0
Equity Change -100.0% shares held after vs before
Filing Lag 0 business days within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership

USA Truck Inc

USAK CIK 0000883945
All USA Truck Inc insider activity
Filing Date
2022-09-15
Report Date
2022-09-15
Accession No.
0001415889-22-009639
Accepted At
2022-09-15 10:25 UTC
Reporting Owner
Name Relationship
George T Henry CIK 0001735799
COO
George T Henry at USA Truck Inc Full insider history
Bought (12 mo) —
Sold (12 mo) —
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2021-03-29 - — View
All filings by this insider at USA Truck Inc
Non-Derivative Securities Transactions
Title Date Type Shares Price Net Total Post-Txn Ownership
Common StockF1F2F1 2022-09-15 D - Return to Issuer 68,468 D $31.72 -$2,171,805 0 Direct
Common StockF3 2022-09-15 A - Award/Grant 5,534 A $0.00 — 5,534 Direct
Common StockF3F3 2022-09-15 D - Return to Issuer 5,534 D $31.72 -$175,538 0 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Employee Stock Option (right to buy)F4F4 $17.75 2022-09-15 D - Return to Issuer 13,129 A $13.97 2029-02-26 13,129 Common Stock Direct
Footnotes (4)
F1
On September 15, 2022, pursuant to an Agreement and Plan of Merger, dated as of June 23, 2022 (the "Merger Agreement"), among USA Truck, Inc. (the "Company"), Schenker, Inc. ("Parent"), and Tango Merger, Inc. ("Merger Sub"), Merger Sub was merged with and into the Company (the "Merger") with the Company surviving the Merger as a wholly-owned subsidiary of Parent. Pursuant to the Merger Agreement, at the effective time of the Merger, each share of the Company common stock (other than certain excluded shares) was converted into the right to receive $31.72 in cash (the "Merger Consideration") and each share of restricted stock of the Company became fully vested and was cancelled in exchange for the right to receive a cash payment equal to the product of (i) the total number of shares of Company common stock underlying each such award of restricted stock and (ii) the Merger Consideration. Show more
F2
Includes 50,636 shares of restricted stock that became fully vested in connection with the Merger. Show more
F3
The reporting person was previously granted performance stock units ("PSUs") which provided for delivery of shares of common stock upon the achievement of specified performance criteria. Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding PSUs were deemed immediately vested and were cancelled in exchange for the right to receive a cash payment equal to the product of (i) the total number of shares of Company common stock underlying each such PSU and (ii) the Merger Consideration. Show more
F4
This option to purchase shares of Company common stock ("Company stock option"), which provided for vesting in four equal annual installments beginning February 26, 2020, became vested at the effective time of the Merger and was cancelled in exchange for the right to receive a cash payment equal to the product of (i) the total number of shares of Company common stock underlying each such Company stock option and (ii) the excess of the Merger Consideration over the exercise price per share of each such Company stock option. Show more

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