4//SEC Filing
WELLER TIMOTHY 4
Accession 0000899243-22-024317
CIK 0001724570other
Filed
Jun 26, 8:00 PM ET
Accepted
Jun 27, 9:35 PM ET
Size
11.7 KB
Accession
0000899243-22-024317
Insider Transaction Report
Form 4
WELLER TIMOTHY
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Stock Options
2022-06-23$25.50/sh−875,500$22,325,250→ 0 totalExercise: $10.00Exp: 2028-07-18→ Common Stock (875,500 underlying) - Disposition to Issuer
Common Stock
2022-06-23$35.50/sh−200,000$7,100,000→ 0 total - Disposition to Issuer
Stock Options
2022-06-23$25.03/sh−500,955$12,538,904→ 0 totalExercise: $10.47Exp: 2029-03-06→ Common Stock (500,955 underlying)
Footnotes (6)
- [F1]Pursuant to the Agreement and Plan of Merger, dated April 11, 2022, by and among Knockout Parent Inc., Knockout Merger Sub Inc., the Issuer, and, for certain limited purposes set forth in the Merger Agreement, Kaseya Holdings Inc. and Kaseya Inc. (the "Merger Agreement"), each share of Issuer common stock ("Common Stock") was canceled and converted into the right to receive $35.50 per share in cash without interest, subject to required withholding taxes.
- [F2]Pursuant to the Merger Agreement, each option to purchase Issuer common stock (an "Option") that was unexpired, unexercised, outstanding and vested as of immediately prior to June 23, 2022 (the "Effective Time") or that vested in accordance with its terms as a result of the consummation of the Merger and the other transactions contemplated by the Merger Agreement (the "Transactions") (a "Vested Option"), was, at the Effective Time, canceled and converted into the right to receive an amount in cash equal to the product of (i) the number of shares of Common Stock subject to such Vested Option as of immediately prior to the Effective Time and (ii) the excess, if any, of $35.50 over the per share exercise price of such Vested Option.
- [F3]At the Effective Time, these 875,500 Options were canceled in exchange for a cash payment representing the difference between $35.50 and the exercise price of the option per share.
- [F4]At the Effective Time, these 500,955 Options were canceled in exchange for a cash payment representing the difference between $35.50 and the exercise price of the option per share.
- [F5]Pursuant to the Merger Agreement, as of the Effective Time, each restricted stock unit of the Issuer (an "RSU") that is unexpired, unexercised, outstanding and vested as of immediately prior to the Effective Time or that vested in accordance with its terms as a result of the consummation of the Transactions (a "Vested RSU") was canceled and converted into the right to receive an amount in cash equal to the product of (i) $35.50 and (ii) the total number of shares of Common Stock subject to such Vested RSUs as of immediately prior to the Effective Time.
- [F6]At the Effective Time, these 200,000 RSUs were canceled in exchange for a cash payment representing $35.50 for each outstanding RSU.
Documents
Issuer
DATTO HOLDING CORP.
CIK 0001724570
Entity typeother
Related Parties
1- filerCIK 0001187045
Filing Metadata
- Form type
- 4
- Filed
- Jun 26, 8:00 PM ET
- Accepted
- Jun 27, 9:35 PM ET
- Size
- 11.7 KB