Robin L. Marino - 22 Jun 2022 Form 4 Insider Report for Summer Infant, Inc. (SUMR)

Role
Director
Signature
/s/ Elizabeth W. Fraser, Attorney-in-Fact
Issuer symbol
SUMR
Transactions as of
22 Jun 2022
Transactions value $
-$401,472
Form type
4
Filing time
22 Jun 2022, 09:29:04 UTC
Previous filing
21 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUMR Common Stock Disposed to Issuer -$401,472 -33,456 -100% $12 0 22 Jun 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Robin L. Marino is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 reports shares of Common Stock disposed of pursuant to the Agreement and Plan of Merger, dated March 16, 2022, among Summer Infant, Inc. (the "Company"), Kids2, Inc. and Project Abacus Acquisition Corp., pursuant to which Project Abacus Acquisition Corp. merged into the Company effective on June 22, 2022 (the "Effective Time"), with the Company becoming a wholly owned subsidiary of Kids2, Inc. At the Effective Time, each issued and outstanding share of Common Stock was cancelled and converted into the right to receive $12.00 per share in cash, without interest thereon and subject to any required tax withholding.