4//SEC Filing
GOLD STEPHEN E 4
Accession 0000949158-19-000173
CIK 0000949158other
Filed
Sep 26, 8:00 PM ET
Accepted
Sep 27, 5:51 PM ET
Size
7.6 KB
Accession
0000949158-19-000173
Insider Transaction Report
Form 4
CRAY INCCRAY
GOLD STEPHEN E
Director
Transactions
- Disposition to Issuer
Common Stock
2019-09-25$35.00/sh−4,026$140,910→ 0 total - Disposition to Issuer
Stock option (right to buy)
2019-09-25−20,000→ 0 totalExercise: $22.62Exp: 2029-02-20→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the merger agreement among Issuer, Canopy Merger Sub, Inc., and Hewlett Packard Enterprise Company ("HPE") dated May 16, 2019 (the "Merger Agreement") for a payment of $35.00 in cash (the "Merger Consideration") on the closing date of the merger (the "Closing Date").
- [F2]The option was 100% vested and exercisable on February 20, 2019.
- [F3]To the extent vested, the option was cancelled and converted on the Closing Date into a cash payment equal to the product of (a) the aggregate number of underlying shares multiplied by (b) the excess of the Merger Consideration over the applicable per share exercise price of such option. To the extent unvested, the option was converted on the Closing Date into an option to acquire a number of shares of HPE common stock determined in accordance with the formula set forth in the Merger Agreement.
Documents
Issuer
CRAY INC
CIK 0000949158
Entity typeother
Related Parties
1- filerCIK 0001768424
Filing Metadata
- Form type
- 4
- Filed
- Sep 26, 8:00 PM ET
- Accepted
- Sep 27, 5:51 PM ET
- Size
- 7.6 KB