0000899243-20-028446.txt : 20201015
0000899243-20-028446.hdr.sgml : 20201015
20201015203824
ACCESSION NUMBER: 0000899243-20-028446
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201013
FILED AS OF DATE: 20201015
DATE AS OF CHANGE: 20201015
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Breslow Noah
CENTRAL INDEX KEY: 0001627461
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36779
FILM NUMBER: 201242581
MAIL ADDRESS:
STREET 1: C/O ON DECK CAPITAL INC
STREET 2: 1400 BROADWAY 25TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10018
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: On Deck Capital, Inc.
CENTRAL INDEX KEY: 0001420811
STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199]
IRS NUMBER: 421709682
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1400 BROADWAY
STREET 2: 25TH FLOOR
CITY: New York
STATE: ny
ZIP: 10018
BUSINESS PHONE: 888-269-4246
MAIL ADDRESS:
STREET 1: 1400 BROADWAY
STREET 2: 25TH FLOOR
CITY: New York
STATE: ny
ZIP: 10018
FORMER COMPANY:
FORMER CONFORMED NAME: On Deck Capital Inc
DATE OF NAME CHANGE: 20071210
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-10-13
1
0001420811
On Deck Capital, Inc.
ONDK
0001627461
Breslow Noah
C/O ON DECK CAPITAL, INC.
1400 BROADWAY, 25TH FLOOR
NEW YORK
NY
10018
1
1
0
0
CEO & Chairman
Common Stock
2020-10-13
4
A
0
106898
0.00
A
1391813
D
Common Stock
2020-10-13
4
F
0
23135
1.83
D
1368678
D
Common Stock
2020-10-13
4
A
0
16933
0.00
A
1385611
D
Common Stock
2020-10-13
4
A
0
47245
0.00
A
1432856
D
Common Stock
2020-10-13
4
F
0
52348
1.83
D
1380508
D
Common Stock
2020-10-13
4
D
0
1380508
D
0
D
Common Stock
32000
I
See footnote
Common Stock
32000
I
See footnote
Stock Option (right to buy)
5.19
2020-10-13
4
D
0
181348
0.00
D
2028-03-17
Common Stock
181348
0
D
Stock Option (right to buy)
5.95
2020-10-13
4
D
0
363637
0.00
D
2026-09-18
Common Stock
363637
0
D
Stock Option (right to buy)
12.67
2020-10-13
4
D
0
343812
0.00
D
2025-07-29
Common Stock
343812
0
D
Stock Option (right to buy)
10.66
2020-10-13
4
D
0
500000
0.00
D
2024-08-13
Common Stock
500000
0
D
Stock Option (right to buy)
0.68
2020-10-13
4
D
0
950000
0.00
D
2023-07-31
Common Stock
950000
0
D
Stock Option (right to buy)
0.425
2020-10-13
4
D
0
934304
0.00
D
2022-06-25
Common Stock
934304
0
D
On October 13, 2020, Enova International, Inc. ("Enova") completed its acquisition (the "Merger") of On Deck Capital, Inc. ("On Deck"). The shares acquired were performance share units ("PSUs") granted in 2020 ("2020 PSUs") that vested upon completion of the Merger.
The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of the 2020 PSUs. No shares were sold.
The shares acquired were PSUs granted in 2019 ("2019 PSUs") that vested upon completion of the Merger.
The shares acquired were PSUs granted in 2018 ("2018 PSUs") that vested upon completion of the Merger.
The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of the 2018 PSUs. No shares were sold.
On October 13, 2020, Enova International, Inc. ("Enova") completed its acquisition (the "Merger") of On Deck Capital, Inc. ("On Deck"). The reported shares of common stock include (i) 390,915 restricted stock units and 16,932 2019 PSUs, which, upon completion of the Merger, were assumed by Enova and converted automatically into a time-vesting restricted stock unit award that,
(Continued From Footnote 6) subject to vesting, will be settled for a number of shares of Enova common stock calculated in accordance with the Merger agreement, (ii) 106,898 2020 PSUs and 47,245 2018 PSUs which, upon completion of the Merger, vested and were settled for a number of shares of Enova common stock calculated in accordance with the Merger agreement, and (iii) 894,000 shares of common stock which were disposed of in the Merger in exchange for per share consideration of $0.12 in cash and 0.092 share of Enova common stock.
The reported shares are held directly in a trust for the Reporting Person's minor son for which the Reporting Person's spouse serves as trustee.
The reported shares are held directly in a trust for the Reporting Person's minor daughter for which the Reporting Person's spouse serves as trustee.
These out-of-the-money options, which vested prior to the consummation of the Merger, were forfeited and cancelled automatically without any consideration.
These in-the-money options were cancelled and converted into the right to receive a cash payment of $1.07 per share, representing the difference between the exercise price of the option and the merger consideration cash value ($1.75 per share).
These in-the-money options were cancelled and converted into the right to receive a cash payment of $1.325 per share, representing the difference between the exercise price of the option and the merger consideration cash value ($1.75 per share).
/s/ Cory Kampfer, by power of attorney
2020-10-15