Filing Details
- Accession Number:
- 0001437749-13-012177
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-09-20 15:19:19
- Reporting Period:
- 2013-09-17
- Filing Date:
- 2013-09-20
- Accepted Time:
- 2013-09-20 15:19:19
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1386198 | Memsic Inc | MEMS | Semiconductors & Related Devices (3674) | 000000000 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1491503 | Quan Zhou | C/O Idg Capital Management (Hk) Ltd. The Center, 99 Queen'S Road, Unit 1509 Central, Hong Kong | Yes | No | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2013-09-17 | 21,666 | $4.23 | 0 | No | 4 | S | Direct | |
Common Stock | Disposition | 2013-09-17 | 18,334 | $4.23 | 0 | No | 4 | S | Direct | |
Common Stock | Disposition | 2013-09-17 | 4,725,223 | $0.00 | 0 | No | 4 | U | Indirect | SeeFootnotes |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | S | Direct | |
No | 4 | U | Indirect | SeeFootnotes |
Footnotes
- Pursuant to the terms of the Agreement and Plan of Merger, dated April 22, 2013, by and among MZ Investment Holdings Limited ("Parent"), MZ Investment Holdings Merger Sub Limited and MEMSIC, Inc. (the "Merger Agreement"; capitalized terms used but not defined herein have the meanings assigned to them in the Merger Agreement), at the Effective Time, each share of common stock of the Company held by the Reporting Person was cancelled and converted automatically into the right to receive $4.225 in cash.
- Pursuant to the terms of the Merger Agreement, at the Effective Time, the RSUs held by the Reporting Person were converted into the right to receive an amount in cash equal to $4.225 per RSU.
- Pursuant to the terms of the Merger Agreement, at the closing of the Merger, the Reporting Person rolled over his existing equity interests in the Company into equity shares of Parent.
- Including 4,146,394 shares of which the record owner is IDG-Accel China Growth Fund II L.P., 339,108 shares of which the record owner is IDG-Accel China Investors IIL.P., 150,000 shares of which the record owner is IDG Technology Venture Investments, LP., 71,393 shares of which the record owner is IDG Technology VentureInvestments, LLC, and 18,328 shares of which the record owner is IDG Technology Venture Investment III, L.P. IDG-Accel China Growth Fund II Associates L.P. is thegeneral partner of IDG-Accel China Growth Fund II L.P. and may be deemed to have beneficial ownership over the 4,146,394 shares held by IDG-Accel China GrowthFund II L.P. The Reporting Person and Chi Sing Ho are directors and executive officers of IDG-Accel China Growth Fund GP II Associates Ltd., which is theultimate general partner of both IDG-Accel China Growth Fund II L.P. and IDG-Accel China Investors II L.P. The Reporting Person and Chi Sing Ho (continued inFootnote 5)
- (continued from Footnote 4) are the managing members of IDG Technology Venture Investments, LLC, which is the general partner of IDG Technology VentureInvestments, LP. By virtue of acting to direct the management and operations of the ultimate general partners of each of the above record owners, the Reporting Person andChi Sing Ho may be deemed to have shared voting and dispositive power with respect to these shares. Each of the reporting person and Chi Sing Ho disclaimsbeneficial ownership of these shares, except to the extent of his pecuniary interest in such shares.