Bhamidipati Venkat 4
4 · McAfee Corp. · Filed Jan 4, 2022
Insider Transaction Report
Form 4
McAfee Corp.MCFE
Bhamidipati Venkat
See Remarks
Transactions
- Tax Payment
Class A Common Stock
2021-12-31$25.79/sh−26,369$680,057→ 1,137,423 total - Conversion
Class A Common Stock
2021-12-31+44,294→ 1,163,792 total - Conversion
Management Incentive Units
2021-12-31−50,000→ 500,000 total→ Class A Common Stock (44,294 underlying)
Footnotes (3)
- [F1]On December 31, 2021, the Reporting Person exchanged 50,000 Management Incentive Units ("MIUs") of Foundation Technology Worldwide LLC for 44,294 shares of Class A common stock ("Class A Shares"), representing the "spread value" of such MIUs, as described in Footnote 3.
- [F2]Reflects withholding of Class A Shares upon vesting of restricted stock units to satisfy the Reporting Person's tax withholding obligation, based on the last reported sale price of the Class A Shares on December 31, 2021.
- [F3]Reflects 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 Class A Shares equal in value to the "spread value" represented by the excess of the value of Class A Shares 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.