Demandware Inc 4
4 · Demandware Inc · Filed Jul 11, 2016
Insider Transaction Report
Form 4
Demandware IncDWRE
KANE CHARLES
Director
Transactions
- Disposition from Tender
Common Stock
2016-07-11$75.00/sh−11,493$861,975→ 4,720 total - Disposition to Issuer
Nonstatutory Stock Option (right to purchase)
2016-07-11−12,280→ 0 totalExercise: $1.47Exp: 2020-06-03→ Common Stock (12,280 underlying) - Disposition to Issuer
Common Stock
2016-07-11−4,720→ 0 total
Footnotes (4)
- [F1]Pursuant to the terms of that certain Agreement and Plan of Merger, dated as of May 31, 2016, by and among Demandware, Inc., a Delaware corporation, salesforce.com, inc. a Delaware corporation and Dynasty Acquisition Corp., a wholly-owned subsidiary of salesforce.com, inc. and a Delaware corporation (the "Merger Agreement"), these shares were tendered and disposed of at the Effective Time (all terms capitalized but not defined shall have the meaning given to them in the Merger Agreement) in exchange for the right to receive $75.00 per share, net to the seller in cash, without interest, less any required withholding taxes.
- [F2]After giving effect to the Merger Agreement, each share of restricted stock was forfeited.
- [F3]This option is fully vested and exercisable.
- [F4]After giving effect to the Merger Agreement, each outstanding and unexercised stock option was canceled and converted into the right to receive $75.00 per share minus the exercise price, net to the seller in cash, without interest, less any required withholding taxes.