4//SEC Filing
Kowalczyk Christine A. 4
Accession 0000899243-21-036151
CIK 0001104855other
Filed
Sep 14, 8:00 PM ET
Accepted
Sep 15, 6:25 PM ET
Size
9.4 KB
Accession
0000899243-21-036151
Insider Transaction Report
Form 4
Kowalczyk Christine A.
Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock
2021-09-14−18,750→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2021-09-14−81,250→ 0 totalExercise: $1.97Exp: 2030-09-11→ Common Stock (81,250 underlying)
Footnotes (4)
- [F1]Support.com, Inc., a Delaware corporation (the "Company"), entered into an Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 19, 2021, by and among the Company, Greenidge Generation Holdings Inc., a Delaware corporation ("Greenidge") and GGH Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Greenidge ("Merger Sub"). On September 14, 2021, Merger Sub merged with and into the Company, the separate corporate existence of Merger Sub ceased and the Company survived the merger as a direct wholly owned subsidiary of Greenidge.
- [F2](Continued form Footnote 1) Pursuant to the terms of the Merger Agreement, (i) each share of common stock, par value $0.0001 per share, of the Company (the "Common Stock") and each restricted stock unit of the Company that was outstanding as of the closing of the merger (the "Closing") was converted into the right to receive 0.115 shares of class A common stock, par value $0.0001 per share, of Greenidge (the "Greenidge Class A Common Stock") (the "Exchange Ratio") and (ii) each holder of an option to purchase Common Stock that was outstanding as of the Closing received an amount of shares of Greenidge Class A Common Stock equal to the Exchange Ratio, multiplied by the number of shares of Common Stock underlying such option, less a number of shares of Greenidge Class A Common Stock to be withheld in satisfaction of the aggregate exercise price of such option and, unless such holder has elected to satisfy such obligation with cash, such holder's tax withholding obligations.
- [F3]The stock option was granted to the Reporting Person under the Company's Third Amended and Restated 2010 Equity and Performance Incentive Plan ("Option").
- [F4]1/48th of the shares subject to the Option vested monthly over a four (4) year period, with 1/48th becoming vested and exercisable on each of the first 48 monthly anniversaries beginning on the date of grant of the Option.
Documents
Issuer
Support.com, Inc.
CIK 0001104855
Entity typeother
Related Parties
1- filerCIK 0001824251
Filing Metadata
- Form type
- 4
- Filed
- Sep 14, 8:00 PM ET
- Accepted
- Sep 15, 6:25 PM ET
- Size
- 9.4 KB