4//SEC Filing
Hieatt Edward 4
Accession 0000950103-19-018105
CIK 0001574135other
Filed
Dec 30, 7:00 PM ET
Accepted
Dec 31, 4:08 PM ET
Size
21.9 KB
Accession
0000950103-19-018105
Insider Transaction Report
Form 4
Hieatt Edward
SVP, Services
Transactions
- Disposition to Issuer
Class A Common Stock
2019-12-30−549,235→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2019-12-30−29,167→ 0 totalExercise: $8.56Exp: 2026-08-02→ Class A Common Stock (29,167 underlying) - Award
Class A Common Stock
2019-12-27+266,666→ 593,668 total - Disposition to Issuer
Stock Options (Right to Buy)
2019-12-30−104,167→ 0 totalExercise: $9.90Exp: 2027-08-08→ Class A Common Stock (104,167 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2019-12-30$8.22/sh−270,835$2,226,264→ 0 totalExercise: $6.78Exp: 2025-05-13→ Class A Common Stock (28,835 underlying) - Disposition to Issuer
Class A Common Stock
2019-12-30−44,433→ 549,235 total - Disposition to Issuer
Stock Options (Right to Buy)
2019-12-30$6.44/sh−145,833$939,165→ 0 totalExercise: $8.56Exp: 2026-08-02→ Class A Common Stock (145,833 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2019-12-30$5.10/sh−145,833$743,748→ 0 totalExercise: $9.90Exp: 2027-08-08→ Class A Common Stock (145,833 underlying)
Footnotes (10)
- [F1]Represents a retention grant of restricted stock units ("RSUs") which vest over the period beginning January 1, 2020 and ending January 1, 2024, with 25% of the RSUs vesting on January 1, 2021 and the remaining RSUs vesting in equal semi-annual installments thereafter.
- [F10]The option is scheduled to vest over a four-year period from 8/8/2017, with 25% vesting on 8/8/2018 and the remaining options vesting in equal monthly installments thereafter.
- [F2]On December 30, 2019, the Issuer, VMware, Inc. ("VMware") and Raven Transaction Sub, Inc. completed the merger (the "Merger") contemplated by the Agreement and Plan of Merger among such parties, dated as of August 22, 2019 (the "Merger Agreement").
- [F3]Disposed of pursuant to the Merger Agreement under which each share of Class A Common Stock, par value $0.01 per share, of the Issuer ("Class A common stock") issued and outstanding was converted into the right to receive $15 in cash, without interest (the "Merger Consideration").
- [F4]Disposed of pursuant to the Merger Agreement under which each RSU with respect to Class A common stock outstanding and unvested was substituted with an RSU with respect to 0.0997 shares of Class A Common Stock, par value $0.01 per share, of VMware ("VMware Stock").
- [F5]This option, which was fully vested immediately prior to the effective date of the Merger, was canceled pursuant to the Merger Agreement in exchange for a cash payment representing the number of shares subject to the option multiplied by difference between the Merger Consideration and the option exercise price.
- [F6]Represents the portion of the option that was outstanding and vested immediately prior to the effective time of the Merger and canceled pursuant to the Merger Agreement in exchange for a cash payment representing the number of shares subject to the option multiplied by difference between the Merger Consideration and the option exercise price.
- [F7]Represents the portion of the option that was outstanding and unvested immediately prior to the effective time of the Merger and was substituted pursuant to the Merger Agreement with an option to acquire 2,906 shares of VMware Stock having an exercise price of $85.89.
- [F8]The option is scheduled to vest over a four-year period from 8/2/2016, with 25% vesting on 8/2/2017 and the remaining options vesting in equal monthly installments thereafter.
- [F9]Represents the portion of the option that was outstanding and unvested immediately prior to the effective time of the Merger and was substituted pursuant to the Merger Agreement with an option to acquire 10,381 shares of VMware Stock having an exercise price of $99.34.
Documents
Issuer
Pivotal Software, Inc.
CIK 0001574135
Entity typeother
Related Parties
1- filerCIK 0001737547
Filing Metadata
- Form type
- 4
- Filed
- Dec 30, 7:00 PM ET
- Accepted
- Dec 31, 4:08 PM ET
- Size
- 21.9 KB