CHEN YUJIE 4
4 · CISION LTD. · Filed Feb 3, 2020
Insider Transaction Report
Form 4
CISION LTD.CISN
CHEN YUJIE
President, Asia-Pacific
Transactions
- Disposition to Issuer
Cash Settled Restricted Stock Units
2020-01-31−133,000→ 0 total→ Ordinary Shares (133,000 underlying)
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger (the "merger agreement"), dated as of October 22, 2019, by and among Cision Ltd. (the "Company"), Castle Acquisition Limited (f/k/a MJ23 UK Acquisition Limited, "Parent") and Castle Merger Limited ("Merger Sub"), pursuant to which Merger Sub merged with and into the Company, with the Company continuing as the surviving corporation as a wholly owned subsidiary of Parent (the "merger"). The Merger became effective on January 31, 2020 (the "Closing Date"). Pursuant to the merger, cash settled restricted stock units ("RSUs") vested by their terms upon the effectiveness of the merger. Pursuant to the merger agreement, such vested RSUs were cancelled and exchanged for the right to receive the merger consideration of $10.00 in cash.