4//SEC Filing
Auriol Potier Helene 4
Accession 0000899243-22-019244
CIK 0001644675other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 5:02 PM ET
Size
9.6 KB
Accession
0000899243-22-019244
Insider Transaction Report
Form 4
Mimecast LtdMIME
Auriol Potier Helene
Director
Transactions
- Disposition to Issuer
Ordinary Shares
2022-05-19−1,233→ 0 total - Disposition to Issuer
Restricted Share Units
2022-05-19−2,467→ 0 total - Disposition to Issuer
Restricted Share Units
2022-05-19−2,742→ 0 total
Footnotes (5)
- [F1]Pursuant to the terms of that certain Transaction Agreement between Magnesium Bidco Limited ("Magnesium Bidco") and Mimecast Limited ("Issuer"), dated December 7, 2021 (the "Transaction Agreement"), Magnesium Bidco agreed to acquire all of the issued and to be issued ordinary shares of Issuer for $80.00 per ordinary share by means of a court-sanctioned scheme of arrangement (the "Scheme"). At the effective time of the Scheme on May 19, 2022 (the "Effective Time"), each ordinary share then outstanding was automatically transferred from Issuer's shareholders to Magnesium Bidco in accordance with the Scheme and the Transaction Agreement, and Issuer's shareholders ceased to have any rights with respect to the Issuer ordinary shares, except their rights under the Scheme, including their right to receive $80.00 per ordinary share, subject to required withholding taxes.
- [F2]Each restricted share unit ("RSU") represents a contingent right to receive one Issuer ordinary share.
- [F3]At the Effective Time, each RSU that was vested and outstanding as of immediately prior to the Effective Time ("Vested RSU") was canceled and converted into the right to receive an amount in cash equal to $80.00 multiplied by the aggregate number of shares subject to such Vested RSU, subject to required withholding taxes.
- [F4]The number of RSUs issued under this grant was determined on January 4, 2021, and 1,233 units vested on January 1, 2022, 1,233 units vest on January 1, 2023 and 1,234 units vest on January 1, 2024.
- [F5]These RSUs were granted on October 6, 2021 and vest in full on the one year anniversary of the date of grant.
Documents
Issuer
Mimecast Ltd
CIK 0001644675
Entity typeother
Related Parties
1- filerCIK 0001838194
Filing Metadata
- Form type
- 4
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 5:02 PM ET
- Size
- 9.6 KB