4//SEC Filing
Hicks Terry 4
Accession 0000899243-21-002853
CIK 0001783317other
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 9:30 PM ET
Size
24.3 KB
Accession
0000899243-21-002853
Insider Transaction Report
Form 4
McAfee Corp.MCFE
Hicks Terry
See Remarks
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-01-19−2,059→ 14,437 total→ Class A Common Stock (2,059 underlying) - Exercise/Conversion
Restricted Stock Units
2021-01-19−5,848→ 64,328 total→ Class A Common Stock (5,848 underlying) - Award
Restricted Stock Units
2021-01-20+150,000→ 150,000 total→ Class A Common Stock (150,000 underlying) - Award
Restricted Stock Units
2021-01-20+9,540→ 9,540 total→ Class A Common Stock (9,540 underlying) - Exercise/Conversion
Class A Common Stock
2021-01-19+17,772→ 17,772 total - Tax Payment
Class A Common Stock
2021-01-19$18.51/sh−6,514$120,574→ 11,258 total - Exercise/Conversion
Restricted Stock Units
2021-01-19−9,865→ 69,079 total→ Class A Common Stock (9,865 underlying) - Award
Restricted Stock Units
2021-01-20+31,364→ 31,364 total→ Class A Common Stock (31,364 underlying) - Award
Management Incentive Units
2021-01-20+794,916→ 794,916 totalExercise: $6.02→ Class A Common Stock (794,916 underlying)
Footnotes (9)
- [F1]Reflects shares of the Issuer's Class A common stock received upon vesting of an equal number of restricted stock units ("RSUs").
- [F2]Reflects withholding of shares of the Issuer's Class A common stock upon vesting of RSUs to satisfy the Reporting Person's tax withholding obligation, based on the last reported sale price of the Issuer's Class A common stock on January 15, 2021.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock.
- [F4]The remaining RSUs vest in seven equal quarterly installments beginning on March 31, 2021.
- [F5]The remaining RSUs vest in seven equal quarterly installments beginning on March 31, 2021.
- [F6]The remaining RSUs vest in eleven equal quarterly installments beginning on March 31, 2021.
- [F7]On January 20, 2021, the Issuer amended the terms of previously granted performance-based RSUs. As amended, these RSUs vest (i) in full upon the satisfaction of certain performance criteria related returns achieved by certain of the Issuer's stockholders (inclusive of dividends) or (ii) if such performance criteria have not been satisfied prior thereto, in three equal annual installments beginning on October 21, 2021.
- [F8]Reflects Management Incentive Units of Foundation Technology Worldwide LLC ("MIUs") which are profits interests that are economically similar to stock-settled stock options. Vested MIUs are exchangeable, at the holder's election, for a number of shares of Class A Common Stock equal in value to the "spread value" represented by the excess of the value of shares of Class A Common Stock at the time of exchange above the "return threshold" associated with the MIUs, multiplied by the number of MIUs being exchanged. The number reflected in Table II reflects the number of MIUs held by the Reporting Person. The MIUs do not have an expiration date.
- [F9]On January 20, 2021, the Issuer amended the terms of previously granted performance-based MIUs. As amended, these MIUs vest (i) in full upon the satisfaction of certain performance criteria related returns achieved by certain of the Issuer's stockholders (inclusive of dividends) or (ii) if such performance criteria have not been satisfied prior thereto, in three equal annual installments beginning on October 21, 2021.
Documents
Issuer
McAfee Corp.
CIK 0001783317
Entity typeother
Related Parties
1- filerCIK 0001829061
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 9:30 PM ET
- Size
- 24.3 KB