4//SEC Filing
Kornegay Christine Beseda 4
Accession 0000899243-22-009135
CIK 0001783317other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 5:30 PM ET
Size
14.7 KB
Accession
0000899243-22-009135
Insider Transaction Report
Form 4
McAfee Corp.MCFE
Kornegay Christine Beseda
Chief Accounting Officer
Transactions
- Award
Class A Common Stock
2022-03-01+8,800→ 146,610 total - Disposition to Issuer
Class A Common Stock
2022-03-01−137,810→ 82,211 total - Disposition to Issuer
Class A Common Stock
2022-03-01−82,211→ 0 total - Disposition to Issuer
Class A Stock Options
2022-03-01−22,004→ 0 totalExercise: $15.50Exp: 2030-10-21→ Class A Common Stock (22,004 underlying) - Disposition to Issuer
Class A Stock Options
2022-03-01−22,014→ 0 totalExercise: $15.50Exp: 2030-10-21→ Class A Common Stock (22,014 underlying)
Footnotes (5)
- [F1]Reflects Restricted Stock Units ("RSUs") underlying existing performance-based RSUs that were granted upon satisfaction of certain performance criteria. Each RSU represents a contingent right to receive one share of the Issuer's Class A Shares upon settlement.
- [F2]Certain of these securities are RSUs that represented the Reporting Person's right to receive shares of Class A common stock of the Issuer. The RSUs and shares of Class A common stock were cancelled pursuant to that certain Merger Agreement, dated November 5, 2021, between the Issuer, Condor BidCo, Inc. and Condor Merger Sub, Inc. (the "Merger Agreement"), in exchange for a cash payment of $26.00 per share (the "Merger Consideration").
- [F3]Includes RSUs that represent the Reporting Person's right to receive shares of Class A common stock of the Issuer. The RSUs were cancelled pursuant to the Merger Agreement in exchange for a cash award, which will remain subject to the same time-vesting terms and conditions that apply immediately prior to closing.
- [F4]This option, of which options to purchase 17,878 shares of Class A common stock of the Issuer were vested as of the date hereof and the remaining options vested in three quarterly installments beginning on March 31, 2022, was cancelled pursuant to the Merger Agreement in exchange for a cash award representing the difference between the exercise price of the option and the Merger Consideration, which will remain subject to the same time-vesting terms and conditions that apply immediately prior to the closing.
- [F5]This performance-based option, of which options to purchase 7,338 shares of Class A common stock of the Issuer were vested as of the date hereof and the remaining options vested (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) in two equal annual installments beginning on October 31, 2022, was cancelled pursuant to the Merger Agreement in exchange for a cash award representing the difference between the exercise price of the option and the Merger Consideration.
Documents
Issuer
McAfee Corp.
CIK 0001783317
Entity typeother
Related Parties
1- filerCIK 0001392404
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 5:30 PM ET
- Size
- 14.7 KB