4//SEC Filing
SEVERANCE WILLIAM 4
Accession 0000899243-22-024320
CIK 0001724570other
Filed
Jun 26, 8:00 PM ET
Accepted
Jun 27, 9:37 PM ET
Size
13.7 KB
Accession
0000899243-22-024320
Insider Transaction Report
Form 4
SEVERANCE WILLIAM
Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Stock
2022-06-23$35.50/sh−1,456$51,688→ 0 total - Exercise/Conversion
Common Stock
2022-06-15$20.50/sh+505$10,353→ 0 total - Disposition to Issuer
Common Stock
2022-06-23$35.50/sh−18,900$670,950→ 0 total - Disposition to Issuer
Stock Options
2022-06-23$22.72/sh−21,875$497,000→ 0 totalExercise: $12.78From: 2020-12-31Exp: 2029-12-31→ Common Stock (21,875 underlying)
Footnotes (7)
- [F1]Represents 505 shares acquired under the Issuer's 2021 Employee Stock Purchase Plan.
- [F2]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 the Issuer's 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.
- [F3]Pursuant to the Merger Agreement, as of June 23, 2022 (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 merger and other transactions contemplated by the Merger Agreement (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.
- [F4]Pursuant to the Merger Agreement, RSUs that were outstanding as of immediately prior to the Effective Time that were not Vested RSUs ("Unvested RSUs") were, at the Effective Time, 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 Unvested RSUs (the "Cash Replacement RSU Amounts"), which Cash Replacement RSU Amounts will be paid at the same time that the Unvested RSUs would have vested pursuant to their terms.
- [F5]Consists of RSUs, of which 25% will vest on June 30, 2022, and an additional 6.25% will vest quarterly thereafter so long as the Reporting Person continues to be employed as of each respective vesting date. At the Effective Time, the 18,900 Unvested RSUs were canceled and converted into the right to receive a cash payment which represents $35.50 for each outstanding Unvested RSU, which will vest and be payable at the same time as the Unvested RSUs for which such cash amount was exchanged.
- [F6]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.
- [F7]At the Effective Time, the 21,875 Options were canceled in exchange for a cash payment representing the difference between $35.50 and the exercise price of the option per share.
Documents
Issuer
DATTO HOLDING CORP.
CIK 0001724570
Entity typeother
Related Parties
1- filerCIK 0001200680
Filing Metadata
- Form type
- 4
- Filed
- Jun 26, 8:00 PM ET
- Accepted
- Jun 27, 9:37 PM ET
- Size
- 13.7 KB