BEAUCHAMP ROBERT E 4
4 · Anaplan, Inc. · Filed Jun 27, 2022
Insider Transaction Report
Form 4
Anaplan, Inc.PLAN
BEAUCHAMP ROBERT E
Director
Transactions
- Disposition to Issuer
Common Stock
2022-06-22−59,104→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2022-06-22$53.91/sh−135,000$7,277,850→ 0 totalExercise: $9.84Exp: 2028-07-17→ Common Stock (135,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2022-06-22$19.12/sh−2,770$52,962→ 0 totalExercise: $44.63Exp: 2029-06-05→ Common Stock (2,770 underlying)
Footnotes (3)
- [F1]The shares were disposed of pursuant to the Agreement and Plan of Merger, dated as of March 20, 2022, as amended by that certain Amendment to the Agreement and Plan of Merger, dated as of June 6, 2022 (the "Merger Agreement") by and among the Issuer, Anaplan Holdings, LLC (f/k/a Alpine Parent, LLC), a Delaware limited liability company, and Alpine Merger Sub, Inc., a Delaware corporation, whereby, immediately prior to the effective time of the merger contemplated therein (the "Effective Time"), all issued and outstanding shares of Issuer common stock were converted into the right to receive $63.75 per share in cash and, when so converted, automatically cancelled.
- [F2]The Reporting Person was granted a Stock Option to purchase Company Common Stock. The Stock Option was subject to a service-based vesting conditions, some or all of which were accelerated immediately prior to the Effective Time. Pursuant to the Merger Agreement, each outstanding Stock Option was cancelled and converted into a right to receive a cash payment equal to equal to the product obtained by multiplying (i) the difference between the per share exercise price of the Stock Option and the $63.75 per share merger consideration, less all applicable deductions and withholdings required to be withheld in respect of such payment by (ii) the total number of shares of Company Common Stock underlying such Stock Option.
- [F3]The Stock Option, which provided for service-based vesting in full on the earlier of: (i) the date of the regular annual meeting of the Company's stockholders held in the year following the Date of Grant and (ii) the one-year anniversary of the Date of Grant, was cancelled pursuant to the Merger Agreement in exchange for a cash payment representing the difference between the per share exercise price of the option and the $63.75 per share merger consideration, less all applicable deductions and withholdings required to be withheld in respect of such payment.