ALLEN JEFFRY R 4
4 · BARRACUDA NETWORKS INC · Filed Feb 14, 2018
Insider Transaction Report
Form 4
ALLEN JEFFRY R
Director
Transactions
- Disposition to Issuer
Common Stock
2018-02-12−138,770→ 9,617 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2018-02-12−9,617→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2018-02-12−50,000→ 0 totalExercise: $12.39Exp: 2022-05-18→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-02-12−1,063→ 0 totalExercise: $24.85Exp: 2024-08-31→ Common Stock (1,063 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-02-12−1,045→ 0 totalExercise: $26.29Exp: 2025-08-31→ Common Stock (1,045 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-02-12−1,455→ 0 totalExercise: $19.03Exp: 2025-11-30→ Common Stock (1,455 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-02-12−2,155→ 0 totalExercise: $12.86Exp: 2026-02-28→ Common Stock (2,155 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-02-12−1,609→ 0 totalExercise: $17.21Exp: 2026-05-31→ Common Stock (1,609 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-02-12−11,330→ 0 totalExercise: $21.90Exp: 2026-08-10→ Common Stock (11,330 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-02-12−1,286→ 0 totalExercise: $23.20Exp: 2026-08-31→ Common Stock (1,286 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-02-12−1,375→ 0 totalExercise: $22.04Exp: 2026-11-30→ Common Stock (1,375 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-02-12−1,257→ 0 totalExercise: $23.66Exp: 2027-02-28→ Common Stock (1,257 underlying)
Footnotes (14)
- [F1]Pursuant to the Agreement and Plan of Merger between the Issuer, Project Deep Blue Holdings, LLC, and Project Deep Blue Merger Corp. dated November 26, 2017 (the "Merger Agreement"), each share of Issuer common stock was exchanged for $27.55 in cash.
- [F10]Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $16,637.06 which represents the difference between $27.55 and the exercise price of the option per share.
- [F11]Pursuant to the provisions of the 2012 Plan, the option vested in full immediately prior to the closing of the merger. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $64,014.50 which represents the difference between $27.55 and the exercise price of the option per share.
- [F12]Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $5,594.10 which represents the difference between $27.55 and the exercise price of the option per share.
- [F13]Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $7,576.25 which represents the difference between $27.55 and the exercise price of the option per share.
- [F14]Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $4,889.73 which represents the difference between $27.55 and the exercise price of the option per share.
- [F2]The shares are held directly by The Jeffry & Terri Allen Revocable Trust dtd 1/29/02 for which the Reporting Person serves as a trustee.
- [F3]The shares are represented by restricted stock units, or RSUs. Pursuant to the provisions of the Issuer's 2012 Equity Incentive Plan (the "2012 Plan"), the RSUs vested in full immediately prior to the closing of the merger.
- [F4]Pursuant to the Merger Agreement, the RSUs were cancelled and converted into the right to receive a cash payment of $264,948.35, which represents $27.55 for each outstanding unit.
- [F5]Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $758,000.00, which represents the difference between $27.55 and the exercise price of the option per share.
- [F6]Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $2,870.10 which represents the difference between $27.55 and the exercise price of the option per share.
- [F7]Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $1,316.70 which represents the difference between $27.55 and the exercise price of the option per share.
- [F8]Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $12,396.60 which represents the difference between $27.55 and the exercise price of the option per share.
- [F9]Shares subject to the option are fully vested. Pursuant to the Merger Agreement, the option was cancelled and converted into the right to receive a cash payment of $31,656.95 which represents the difference between $27.55 and the exercise price of the option per share.