4//SEC Filing
SPRATTO GREGG 4
Accession 0000899243-20-002597
CIK 0001701040other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 5:26 PM ET
Size
12.6 KB
Accession
0000899243-20-002597
Insider Transaction Report
Form 4
CISION LTD.CISN
SPRATTO GREGG
Chief Operating Officer
Transactions
- Disposition to Issuer
Ordinary Shares
2020-01-31−1,302→ 0 total - Disposition to Issuer
Restricted Stock Units
2020-01-31−101,000→ 0 total→ Ordinary Shares (101,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2020-01-31−90,000→ 0 totalExercise: $15.70→ Ordinary Shares (90,000 underlying) - Disposition to Issuer
Restricted Stock Units
2020-01-31−77,000→ 0 total→ Ordinary Shares (77,000 underlying)
Footnotes (3)
- [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, each Cision ordinary share issued and outstanding immediately prior to the effective time of the merger was cancelled and exchanged at the effective time of the merger into the right to receive merger consideration of $10.00 in cash.
- [F2]Represents restricted stock units ("RSUs") which 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.
- [F3]Pursuant to the merger agreement, each option to purchase ordinary shares of the Company with a per share exercise price greater than or equal to $10.00 was cancelled and no consideration was paid therefor.
Documents
Issuer
CISION LTD.
CIK 0001701040
Entity typeother
Related Parties
1- filerCIK 0001748365
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 5:26 PM ET
- Size
- 12.6 KB