MCCLOSKEY CHRISTOPHER EDWARD 4
4 · DATTO HOLDING CORP. · Filed Jun 27, 2022
Insider Transaction Report
Form 4
MCCLOSKEY CHRISTOPHER EDWARD
Chief Customer Officer
Transactions
- Disposition to Issuer
Stock Options
2022-06-23$25.50/sh−400,000$10,200,000→ 0 totalExercise: $10.00Exp: 2028-12-18→ Common Stock (400,000 underlying)
Footnotes (3)
- [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 (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, the 400,000 Options were canceled in exchange for a cash payment representing the difference between $35.50 and the exercise price of the option per share.