4//SEC Filing
ADVENT SOFTWARE INC /DE/ 4
Accession 0001002225-15-000036
CIK 0001002225operating
Filed
Jul 9, 8:00 PM ET
Accepted
Jul 10, 7:08 PM ET
Size
16.8 KB
Accession
0001002225-15-000036
Insider Transaction Report
Form 4
Gottula Todd
EVP & CTO
Transactions
- Disposition to Issuer
Common Stock
2015-07-08$44.25/sh−27,400$1,212,450→ 2 total - Disposition to Issuer
Stock Appreciation Rights
2015-07-08−52,500→ 0 totalExercise: $12.10From: 2013-11-14Exp: 2022-11-14→ Common Stock (52,500 underlying) - Disposition to Issuer
Common Stock
2015-07-08$44.25/sh−21,149$935,843→ 27,402 total - Disposition to Issuer
Stock Appreciation Rights
2015-07-08−16,350→ 0 totalExercise: $21.67From: 2014-05-14Exp: 2023-05-14→ Common Stock (16,350 underlying) - Disposition to Issuer
Common Stock
2015-07-08$44.25/sh−2$89→ 0 total - Disposition to Issuer
Stock Appreciation Rights
2015-07-08−5,735→ 0 totalExercise: $17.80From: 2013-05-14Exp: 2022-05-14→ Common Stock (5,735 underlying)
Footnotes (6)
- [F1]Consists of unvested restricted stock units ("Unvested RSUs") that were converted, pursuant to the Merger Agreement by and among the Company, SS&C Technologies Holdings, Inc. and Arbor Acquisition Corporation, into unvested RSUs in respect of SS&C common stock, with each RSU converted into 0.7012 SS&C RSUs.
- [F2]Pursuant to the terms of the merger agreement, this award of performance-based restricted stock units ("PSUs") was, (i) with respect to 14,461 vested PSUs, canceled in exchange for a cash payment of $639,899, representing the number of vested PSUs times the merger consideration of $44.25 per share; and, (ii) with respect to 12,939 unvested PSUs, converted into unvested RSUs in respect of SS&C common stock, with each PSU converted into 0.7012 SS&C RSUs. Pursuant to the Merger Agreement, the Company's Compensation Committee determined the applicable level of performance at 200% of target performance, and the shares vested to be based on the number of months of service through the merger date as a percentage of the total vesting period of 36 months.
- [F3]Disposed of pursuant to the terms of the Merger Agreement in exchange for a cash payment of $44.25 per share on the effective date of the merger.
- [F4]Pursuant to the terms of the merger agreement this stock appreciation right was, (i) with respect to 2,917 vested shares, canceled in exchange for a pre-tax cash payment of $93,782, representing the aggregate difference between the exercise price of the stock appreciation right and the merger consideration of $44.25 per share, less applicable withholding taxes; and, (ii) with respect to 49,583 unvested shares, converted into unvested stock appreciation rights to acquire shares of SS&C common stock at an exercise price of $17.26 per share, with the right to acquire each Company share converted into the right to acquire 0.7012 shares of SS&C common stock.
- [F5]Pursuant to the terms of the merger agreement this stock appreciation right was, (i) with respect to 478 vested shares, canceled in exchange for a pre-tax cash payment of $12,643, representing the aggregate difference between the exercise price of the stock appreciation right and the merger consideration of $44.25 per share, less applicable withholding taxes; and, (ii) with respect to 5,257 unvested shares, converted into unvested stock appreciation rights to acquire shares of SS&C common stock at an exercise price of $25.39 per share, with the right to acquire each Company share converted into the right to acquire 0.7012 shares of SS&C common stock.
- [F6]Pursuant to the terms of the merger agreement this stock appreciation right was, (i) with respect to 681 vested shares, canceled in exchange for a pre-tax cash payment of $15,377, representing the aggregate difference between the exercise price of the stock appreciation right and the merger consideration of $44.25 per share, less applicable withholding taxes; and, (ii) with respect to 15,669 unvested shares, converted into unvested stock appreciation rights to acquire shares of SS&C common stock at an exercise price of $30.90 per share, with the right to acquire each Company share converted into the right to acquire 0.7012 shares of SS&C common stock.
Documents
Issuer
ADVENT SOFTWARE INC /DE/
CIK 0001002225
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001002225
Filing Metadata
- Form type
- 4
- Filed
- Jul 9, 8:00 PM ET
- Accepted
- Jul 10, 7:08 PM ET
- Size
- 16.8 KB