4//SEC Filing
Harris Teresa A 4
Accession 0000950170-25-045364
CIK 0001701732other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 4:50 PM ET
Size
10.4 KB
Accession
0000950170-25-045364
Insider Transaction Report
Form 4
Harris Teresa A
Director
Transactions
- Disposition to Issuer
Class A Common Stock Option
2025-03-26$108.48/sh−12,020$1,303,930→ 0 totalExercise: $4.52Exp: 2026-11-23→ Class A Common Stock (12,020 underlying) - Disposition to Issuer
Class A Common Stock Option
2025-03-26$107.82/sh−4,000$431,280→ 0 totalExercise: $5.18Exp: 2027-06-09→ Class A Common Stock (4,000 underlying) - Disposition to Issuer
Class A Common Stock
2025-03-26$113.00/sh−18,092$2,044,396→ 0 total
Footnotes (5)
- [F1]On March 26, 2025, the Company was acquired by Siemens Industry Software Inc. ("Siemens") pursuant to the merger agreement entered into among the Company, Siemens, and Astra Merger Sub Inc., dated as of October 30, 2024.
- [F2]Includes 2,347 unvested Class A Common Stock restricted stock units ("RSUs").
- [F3]Upon the consummation of the merger, each issued and outstanding share of the Company's Class A Common Stock was canceled and converted into the right receive $113.00 in cash without interest. Each RSU that was granted under the Company's 2017 Equity Incentive Plan (the "2017 Plan") that was outstanding immediately prior to the consummation of the merger was vested, canceled and converted into the right to receive $113.00 in cash without interest.
- [F4]Each option that was outstanding immediately prior to the consummation of the merger was vested, canceled and converted into the right to receive the cash value of the option. This option was canceled upon consummation of the merger in exchange for an aggregate cash payment of $1,303,929.60, representing the difference between the exercise price of the option and $113.00.
- [F5]Each option that was outstanding immediately prior to the consummation of the merger was vested, canceled and converted into the right to receive the cash value of the option. This option was canceled upon consummation of the merger in exchange for an aggregate cash payment of $431,280.00, representing the difference between the exercise price of the option and $113.00.
Documents
Issuer
Altair Engineering Inc.
CIK 0001701732
Entity typeother
Related Parties
1- filerCIK 0001720317
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 4:50 PM ET
- Size
- 10.4 KB