4//SEC Filing
Digirolamo Enrico 4
Accession 0000899243-17-019313
CIK 0001563699other
Filed
Jul 27, 8:00 PM ET
Accepted
Jul 28, 5:06 PM ET
Size
14.4 KB
Accession
0000899243-17-019313
Insider Transaction Report
Form 4
Covisint CorpCOVS
Digirolamo Enrico
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2017-07-26$2.45/sh−26,000$63,700→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2017-07-26+80,000→ 0 totalExercise: $2.79→ Common Stock (80,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2017-07-26+23,771→ 0 totalExercise: $12.44→ Common Stock (23,771 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2017-07-26+120,000→ 0 totalExercise: $7.18→ Common Stock (120,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2017-07-26+75,000→ 0 totalExercise: $1.79→ Common Stock (75,000 underlying)
Footnotes (2)
- [F1]On June 5, 2017, Covisint Corporation (the "Issuer") entered in an Agreement and Plan of Merger (the "Merger Agreement"), among Open Text Corporation ("OpenText"), Cypress Merger Sub, Inc., a wholly owned subsidiary of OpenText ("Merger Sub"), and Issuer. Upon completion of the merger of the Issuer and Merger Sub (the "Closing"), the Reporting Person's shares of the Issuer's common stock, stock options and restricted stock units ("RSUs") were converted into the right to receive $2.45 in cash, without interest (the "Merger Consideration").
- [F2]Pursuant to the Merger Agreement, these options were cancelled and converted into the right to receive an amount in cash equal to product of: (i) the excess, if any, of the per share Merger Consideration over the exercise price of such options; and (ii) the number of shares of the Issuer's common stock that may be acquired upon exercise of such options immediately prior to the Closing..
Documents
Issuer
Covisint Corp
CIK 0001563699
Entity typeother
Related Parties
1- filerCIK 0001587208
Filing Metadata
- Form type
- 4
- Filed
- Jul 27, 8:00 PM ET
- Accepted
- Jul 28, 5:06 PM ET
- Size
- 14.4 KB