4//SEC Filing
FAIRFIELD NEIL B 4
Accession 0000950142-22-002132
CIK 0001609702other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 7:21 PM ET
Size
7.5 KB
Accession
0000950142-22-002132
Insider Transaction Report
Form 4
FAIRFIELD NEIL B
VP, Corporate Controller & CAO
Transactions
- Award
Common Stock
2022-07-06+3,554→ 13,597 total - Disposition to Issuer
Common Stock
2022-07-06−13,597→ 0 total
Footnotes (2)
- [F1]Represents shares of common stock, par value $0.01 per share (each, a "Share"), of CDK Global, Inc. (the "Company") that are subject to performance-based restricted stock units ("PSUs"). Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), among the Company, Central Parent LLC ("Parent") and Central Merger Sub Inc. ("Merger Sub"), on July 6, 2022 (the "Closing Date"), Merger Sub merged with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Parent (the "Merger"), and each PSU outstanding immediately prior to the consummation of the Merger became fully vested at the greater of the target and actual performance measured through the Closing Date (with the performance in respect of any fiscal year commencing after the 2022 fiscal year being at target performance), and was canceled and converted into the right to receive, for each Share subject to such then-vested PSU, $54.87 in cash without interest.
- [F2]Pursuant to the Merger Agreement, at the effective time of the Merger, each Share was canceled and converted into the right to receive $54.87 in cash without interest.
Documents
Issuer
CDK Global, Inc.
CIK 0001609702
Entity typeother
Related Parties
1- filerCIK 0001649962
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 7:21 PM ET
- Size
- 7.5 KB