4//SEC Filing
SLP IV Mustang Holdings, L.P. 4
Accession 0000899243-19-025779
CIK 0000849399other
Filed
Oct 17, 8:00 PM ET
Accepted
Oct 18, 4:31 PM ET
Size
11.5 KB
Accession
0000899243-19-025779
Insider Transaction Report
Form 4
SYMANTEC CORPSYMC
SLP IV Mustang GP, L.L.C.
Director
Transactions
- Other
2.500% Convertible Senior Notes due 2021
2019-10-17(indirect: Held through SLP IV Mustang Holdings, L.P.)Exercise: $16.77→ Common Stock (14,908,525 underlying)
SLP IV Mustang Holdings, L.P.
Director
Transactions
- Other
2.500% Convertible Senior Notes due 2021
2019-10-17(indirect: Held through SLP IV Mustang Holdings, L.P.)Exercise: $16.77→ Common Stock (14,908,525 underlying)
Footnotes (7)
- [F1]The aggregate amount of 2.500% Convertible Senior Notes due 2021 ("Convertible Notes") held by Silver Lake Group, L.L.C. and/or its affiliates has not changed since the date of original acquisition, and is not changing now. This Form 4 is filed by SLP IV Mustang Holdings, L.P. ("Mustang") and its general partner, SLP IV Mustang GP, L.L.C. ("Mustang GP"), in connection with an internal reorganization of an entity holding the Convertible Notes on behalf of certain investment funds ("SLP Funds"). In connection with such internal reorganization, Mustang made an in-kind distribution of the Convertible Notes it directly held to a new affiliated holding vehicle, SLP IV Seal II Holdings, L.P. ("SLP IV Seal II"). SLP IV Seal II and its general partner, SLP IV Seal II GP, L.L.C. are separately filing a Form 3 reporting SLP IV Seal II's ownership of the Convertible Notes.
- [F2]The transfer referred to above in footnote (1) did not represent any change in pecuniary interest of any of the SLP Funds or their affiliates. Not included on this form is $250 million principal amount of Convertible Notes acquired by SLP IV Seal Holdings, L.P.in the original acquisition, which SLP IV Seal Holdings, L.P. continues to hold.
- [F3]Mustang GP is the general partner of Mustang. Silver Lake Technology Associates IV Cayman, L.P. ("SLTA") is the sole member of Mustang GP. Silver Lake (Offshore) AIV GP IV, Ltd. is the general partner of SLTA.
- [F4]The current conversion rate of 59.6341 per $1,000 principal amount of Convertible Notes is equivalent to a conversion price of approximately $16.77 per share of Common Stock.
- [F5]Pursuant to the terms of an investment agreement, dated as of February 3, 2016, the Convertible Notes became convertible by the holder on February 2, 2017, subject to certain exceptions.
- [F6]The Convertible Notes mature on April 1, 2021, subject to earlier redemption, repurchase or conversion in accordance with their terms.
- [F7]Upon conversion of the Convertible Notes, the Issuer will deliver, at its election, cash, shares of the Issuer's common stock ("Common Stock") or a combination of cash and shares of Common Stock. This number represents the number of shares of Common Stock issuable upon conversion of the $250 million principal amount of Convertible Notes if the Issuer elects to settle its conversion obligation solely through shares of Common Stock by delivering a number of shares of Common Stock at the conversion rate of 59.6341 shares of Common Stock, and cash in lieu of fractional shares of Common Stock, per $1,000 principal amount of Convertible Notes. The conversion rate is subject to adjustment from time to time upon the occurrence of certain customary events in accordance with the terms of an indenture, dated as of March 4, 2016, by and between the Issuer and Wells Fargo Bank, National Association, as trustee.
Documents
Issuer
SYMANTEC CORP
CIK 0000849399
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001651392
Filing Metadata
- Form type
- 4
- Filed
- Oct 17, 8:00 PM ET
- Accepted
- Oct 18, 4:31 PM ET
- Size
- 11.5 KB