4//SEC Filing
SANDO BARRY M 4
Accession 0000899243-21-022615
CIK 0000036047other
Filed
Jun 7, 8:00 PM ET
Accepted
Jun 8, 7:22 PM ET
Size
15.3 KB
Accession
0000899243-21-022615
Insider Transaction Report
Form 4
CORELOGIC, INC.CLGX
SANDO BARRY M
Business Segment President
Transactions
- Disposition to Issuer
Common Stock
2021-06-04$80.00/sh−226,359.369$18,108,750→ 0 total - Disposition to Issuer
Common Stock
2021-06-04$80.00/sh−7,833.118$626,649→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2021-06-04$54.05/sh−26,011$1,405,895→ 0 totalExercise: $25.95Exp: 2023-02-26→ Common Stock (26,011 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2021-06-04$47.51/sh−18,467$877,367→ 0 totalExercise: $32.49Exp: 2024-03-02→ Common Stock (18,467 underlying)
Footnotes (7)
- [F1]1. Includes (i) 189.599 shares acquired under the CoreLogic, ("CoreLogic") employee stock purchase plan on March 31, 2021, (ii) 13,793.518 restricted stock units of CoreLogic subject to time-based vesting ("RSUs"), and (iii) 54,207.459 performance-based restricted stock units of CoreLogic subject to both time-based and performance-based vesting ("PSUs"). Each RSU and PSU is settled by the delivery of the underlying shares of CoreLogic common stock.
- [F2]On June 4, 2021, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated February 4, 2021, by and among CoreLogic, Celestial-Saturn Parent Inc., a Delaware corporation ("Parent"), and Celestial-Saturn Acquisition Sub Inc., a Delaware corporation ("Acquisition Sub"), Acquisition Sub merged with and into CoreLogic, with CoreLogic surviving as a wholly owned subsidiary of Parent (the "Merger").
- [F3](continued from footnote 2) Pursuant to the Merger Agreement and by virtue of the Merger, in which each issued and outstanding share of CoreLogic common stock, par value $0.00001 per share, was converted into the right to receive $80 in cash, without interest (the "Merger Consideration"): (i) each option that was outstanding immediately prior to the effective time of the Merger automatically vested (if unvested) and was cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (A) the excess, if any, of (x) the Merger Consideration over (y) the per-share exercise price for such option multiplied by (B) the total number of shares of CoreLogic common stock underlying such option; (ii) each RSU that was outstanding immediately prior to the effective time of the Merger automatically vested (if unvested) and was cancelled and converted into the right to receive an amount in cash, without interest,
- [F4](continued from footnote 3) equal to the product of (A) the total number of shares of CoreLogic common stock underlying such RSU (including any shares of CoreLogic common stock in respect of dividend equivalent units credited thereon) (or, for RSUs granted in 2021, a prorated number of shares of CoreLogic common stock based on the period elapsed prior to the effective time of the Merger) multiplied by (B) the Merger Consideration; and (iii) each PSU that was outstanding immediately prior to the effective time of the Merger automatically vested (if unvested) and was cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (A) the number of shares of CoreLogic common stock underlying such PSU (including any shares of CoreLogic common stock in respect of dividend equivalent units credited thereon) with performance measured in accordance with the terms of the applicable governing documents,
- [F5](continued from footnote 4) as determined by the board of directors of CoreLogic or a committee thereof after consultation with Parent prior to the effective time of the Merger (or, for PSUs granted in 2021, a prorated number of shares of CoreLogic common stock based on the period elapsed prior to the effective time of the Merger and measured at the target level of performance) multiplied by (B) the Merger Consideration.
- [F6]The option became exercisable in three equal annual installments beginning February 27, 2014.
- [F7]The option became exercisable in three equal annual installments beginning March 3, 2015.
Documents
Issuer
CORELOGIC, INC.
CIK 0000036047
Entity typeother
Related Parties
1- filerCIK 0001247166
Filing Metadata
- Form type
- 4
- Filed
- Jun 7, 8:00 PM ET
- Accepted
- Jun 8, 7:22 PM ET
- Size
- 15.3 KB