4//SEC Filing
Radway Robert E. 4
Accession 0000950142-22-002137
CIK 0001609702other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 7:27 PM ET
Size
8.1 KB
Accession
0000950142-22-002137
Insider Transaction Report
Form 4
Radway Robert E.
Director
Transactions
- Disposition to Issuer
Common Stock
2022-07-06−39,730→ 0 total - Disposition to Issuer
Option (right to buy)
2022-07-06−15,384→ 0 totalExercise: $39.67→ Common Stock (15,384 underlying)
Footnotes (2)
- [F1]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, Merger Sub merged with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Parent (the "Merger"), and, at the effective time of the Merger, each share of common stock, par value $0.01 per share (each, a "Share"), of the Company was canceled and converted into the right to receive $54.87 in cash without interest.
- [F2]Pursuant to the Merger Agreement, each option outstanding immediately prior to the consummation of the Merger, whether then unvested or vested, by virtue of the Merger and without any action by the holder, was canceled and converted into only the right to receive an amount in cash, without interest, equal to the product of (x) the number of Shares issuable under such option and (y) the excess, if any, of (i) $54.87 over (ii) the exercise price payable in respect of each Share issuable under such option (the "Option Consideration"); provided, however, that the Option Consideration for each option with an exercise price equal to or greater than $54.87 was $0.
Documents
Issuer
CDK Global, Inc.
CIK 0001609702
Entity typeother
Related Parties
1- filerCIK 0001619413
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 7:27 PM ET
- Size
- 8.1 KB