AUSTIN KAREN A 4

Accession 0000899243-18-022991

CIK 0001312073other

Filed

Aug 21, 8:00 PM ET

Accepted

Aug 22, 2:36 PM ET

Size

21.9 KB

Accession

0000899243-18-022991

Form 4

Period: 2018-08-20

Director

Transactions

Disposition to Issuer
Restricted Stock Units
2018-08-20−1,235→ 0 total
Exercise: $0.00From: 2017-08-15→ Common Stock, par value $0.01 per share (1,235 underlying)
Disposition to Issuer
Restricted Stock Units
2018-08-20−1,190→ 0 total
Exercise: $0.00From: 2017-02-15→ Common Stock, par value $0.01 per share (1,190 underlying)
Disposition to Issuer
Restricted Stock Units
2018-08-20−885→ 0 total
Exercise: $0.00From: 2018-02-15→ Common Stock, par value $0.01 per share (885 underlying)
Disposition to Issuer
Common Stock, par value $0.01 per share
2018-08-20−14,394→ 0 total
Disposition to Issuer
Restricted Stock Units
2018-08-20−8,484→ 0 total
Exercise: $0.00From: 2018-04-03→ Common Stock, par value $0.01 per share (8,484 underlying)
Disposition to Issuer
Restricted Stock Units
2018-08-20−9,650→ 0 total
Exercise: $0.00From: 2018-08-20→ Common Stock, par value $0.01 per share (9,650 underlying)
Disposition to Issuer
Restricted Stock Units
2018-08-20−1,301→ 0 total
Exercise: $0.00From: 2017-11-15→ Common Stock, par value $0.01 per share (1,301 underlying)
Disposition to Issuer
Restricted Stock Units
2018-08-20−1,277→ 0 total
Exercise: $0.00From: 2017-05-15→ Common Stock, par value $0.01 per share (1,277 underlying)

Footnotes (5)

[F1]At the effective time of the merger contemplated by the Agreement and Plan of Merger, dated as of April 9, 2018, by and among VeriFone Systems, Inc. (the "Company"), Vertex Holdco LLC, and Vertex Merger Sub LLC (the "Effective Time"), each issued and outstanding share of common stock of the Company (each, a "Share") held by Ms. Austin was converted into the right to receive $23.04 in cash, without interest.
[F2]Represents restricted stock units subject only to service-based vesting conditions (a "Company RSU") under the Company's stock plans.
[F3]At the Effective Time, each outstanding Company RSU under the Company's stock plans was converted into the right to receive an amount in cash (without interest) equal to the product obtained by multiplying (i) the total number of Shares subject to such Company RSU immediately prior to the Effective Time by (ii) $23.04, and otherwise remains subject to the same vesting schedule that applied immediately prior to the Effective Time.
[F4]Represents deferred stock units of the Company (a "Company DSU") under the Company's Director Deferred Compensation Plan.
[F5]At the Effective Time, each outstanding Company DSU was converted into the right to receive (without interest), no later than three business days after the Effective Time, an amount in cash equal to the product obtained by multiplying (i) the total number of Shares subject to such Company DSU immediately prior to the Effective Time by (ii) $23.04.

Documents

1 file

VERIFONE SYSTEMS, INC.

CIK 0001312073

Entity typeother