4//SEC Filing
SOISSON JESSICA 4
Accession 0000877890-22-000105
CIK 0000877890other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 9:41 AM ET
Size
11.1 KB
Accession
0000877890-22-000105
Insider Transaction Report
Form 4
SOISSON JESSICA
VP & Corporate Controller
Transactions
- Disposition to Issuer
Common Stock
2022-09-30−32,122.791→ 0 total - Disposition to Issuer
Restricted Stock Units
2022-09-30−6,288.624→ 0 totalExercise: $0.00→ Common Stock (6,288.624 underlying) - Award
Restricted Stock Units
2022-09-30+6,288.624→ 6,288.624 totalExercise: $0.00→ Common Stock (6,288.624 underlying)
Footnotes (5)
- [F1]Includes 146 shares acquired under the Citrix Systems, Inc. employee stock purchase plan on June 1, 2022.
- [F2]Includes an additional 0.985 shares to correctly reflect additional incremental fractional shares that had previously rounded up upon vesting.
- [F3]Pursuant to the Agreement and Plan of Merger, dated as of January 31, 2022 (the "Merger Agreement"), by and among the Issuer, Picard Parent, Inc. ("Parent"), Picard Merger Sub Inc., a direct wholly owned subsidiary of Parent ("Merger Sub"), and for certain limited purposes detailed in the Merger Agreement, TIBCO Software Inc., Merger Sub merged with and into the Issuer on September 30, 2022, with the Issuer surviving as a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each outstanding share of Issuer common stock was automatically converted into the right to receive cash in the amount of $104.00, without interest and less any applicable withholding taxes.
- [F4]A portion of this amount consists of Issuer restricted stock units with time-based vesting only that were previously reported in Table I. Pursuant to the Merger Agreement, as of the Effective Time, each such outstanding restricted stock unit award was automatically converted into a cash award with respect to an aggregate amount of cash equal to the product obtained by multiplying (i) the number of shares of Issuer common stock subject to such award by (ii) $104.00, which cash award remains subject to generally the same terms as the corresponding equity award.
- [F5]Pursuant to the applicable award agreements, the performance-based conditions of each outstanding performance restricted stock unit award were deemed satisfied at the maximum level of achievement for any performance period not completed as of immediately prior to the Effective Time. Pursuant to the Merger Agreement, as of the Effective Time, each such outstanding performance restricted stock unit award was automatically converted into a cash award with respect to an aggregate amount of cash equal to the product obtained by multiplying (i) the number of shares of Issuer common stock subject to such award that were deemed earned by (ii) $104.00, which cash award remains subject to generally the same terms as the corresponding equity award.
Documents
Issuer
CITRIX SYSTEMS INC
CIK 0000877890
Entity typeother
Related Parties
1- filerCIK 0001672958
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 9:41 AM ET
- Size
- 11.1 KB