Sec Form 4 Filing - STANFIELD MICHAEL R @ INTERSECTIONS INC - 2019-01-11

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
STANFIELD MICHAEL R
2. Issuer Name and Ticker or Trading Symbol
INTERSECTIONS INC [ INTX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & Executive Chairman
(Last) (First) (Middle)
C/O INTERSECTIONS INC., 3901 STONECROFT BOULEVARD
3. Date of Earliest Transaction (MM/DD/YY)
01/11/2019
(Street)
CHANTILLY, VA20151
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK 01/11/2019 J 922,154 ( 1 ) D $ 3.68 0 D
COMMON STOCK 01/11/2019 J 577,846 ( 1 ) D $ 3.68 0 I By Stanfield Family Investments LLC
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
EMPLOYEE STOCK OPTION (RIGHT TO BUY) $ 3.1 01/11/2019 D 170,349 ( 2 ) 05/19/2019 COMMON STOCK 170,349 $ 0.58 ( 2 ) 0 D
EMPLOYEE STOCK OPTION (RIGHT TO BUY) $ 2.3 01/11/2019 D 379,000 ( 2 ) 06/14/2026 COMMON STOCK 379,000 $ 1.38 ( 2 ) 0 D
EMPLOYEE STOCK OPTION (RIGHT TO BUY) $ 2.1 01/11/2019 D 238,095 ( 2 ) 12/05/2022 COMMON STOCK 238,095 $ 1.58 ( 2 ) 0 D
RESTRICTED STOCK UNIT ( 3 ) 01/11/2019 D 360,000 ( 4 ) ( 4 ) COMMON STOCK 360,000 ( 4 ) 0 D
RESTRICTED STOCK UNIT ( 3 ) 01/11/2019 D 133,332 ( 4 ) ( 4 ) COMMON STOCK 133,332 ( 4 ) 0 D
RESTRICTED STOCK UNIT ( 3 ) 01/11/2019 D 66,667 ( 4 ) ( 4 ) COMMON STOCK 66,667 ( 4 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
STANFIELD MICHAEL R
C/O INTERSECTIONS INC.
3901 STONECROFT BOULEVARD
CHANTILLY, VA20151
X President & Executive Chairman
Signatures
/s/ Todd E. Lenson, Attorney-In-Fact 01/14/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On October 31, 2018, the Issuer entered into an Agreement and Plan of Merger (as amended, the "Merger Agreement") with WC SACD One Parent, Inc., a Delaware corporation ("Parent"), and WC SACD One Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"). Subject to the terms and conditions of the Merger Agreement, on January 11, 2019, Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly-owned subsidiary of Parent (the "Merger"). Represents shares of common stock of the Issuer that were contributed and assigned to WC SACD One, Inc., a Delaware corporation and the direct parent of Parent ("Newco"), in exchange for equity interests in Newco, pursuant to the terms and conditions of a Contribution and Assignment Agreement, dated as of October 31, 2018 (the "Rollover Agreement"), by and between the reporting person and Newco. Such shares were contributed and assigned to Newco on January 11, 2019.
( 2 )Reflects disposition on January 11, 2019 pursuant to the terms of the Merger Agreement. In accordance with the terms of the Merger Agreement, each option (whether vested or unvested) to acquire shares of the common stock of the Issuer was cancelled in exchange for the right to receive an amount in cash equal to the excess of $3.68 over the exercise price of such option.
( 3 )Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock or, at the Issuer's option, cash or a combination of the two.
( 4 )Reflects disposition on January 11, 2019 pursuant to the terms of the Merger Agreement. In accordance with the terms of the Merger Agreement, each restricted stock unit (including restricted stock units that became fully vested pursuant to the Merger Agreement) was cancelled and converted automatically into the right to receive $3.68 in cash.

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