Yara Scott 4
4 · Pivotal Software, Inc. · Filed Dec 31, 2019
Insider Transaction Report
Form 4
Yara Scott
SVP, Products
Transactions
- Disposition to Issuer
Stock Options (Right to Buy)
2019-12-30$8.22/sh−1,500,000$12,330,000→ 0 totalExercise: $6.78Exp: 2025-05-13→ Class A Common Stock (1,500,000 underlying) - Disposition to Issuer
Class A Common Stock
2019-12-30−233,978→ 0 total - Disposition to Issuer
Class A Common Stock
2019-12-30−43,854→ 233,978 total - Disposition to Issuer
Stock Options (Right to Buy)
2019-12-30$9.94/sh−206,667$2,054,270→ 0 totalExercise: $5.06Exp: 2023-06-28→ Class A Common Stock (206,667 underlying)
Footnotes (4)
- [F1]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").
- [F2]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").
- [F3]Disposed of pursuant to the Merger Agreement under which each restricted stock unit ("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.
- [F4]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 of Class A common stock subject to the option multiplied by the difference between the Merger Consideration and the option exercise price.