Bourgoine Jonathan 4
4 · STAMPS.COM INC · Filed Oct 7, 2021
Insider Transaction Report
Form 4
STAMPS.COM INCSTMP
Bourgoine Jonathan
Chief Technology Officer
Transactions
- Disposition to Issuer
Stock option (right to buy)
2021-10-05$129.00/sh−7,501$967,629→ 0 totalExercise: $201.00From: 2019-02-26Exp: 2028-02-26→ Common Stock (7,501 underlying) - Disposition to Issuer
Stock option (right to buy)
2021-10-05$294.96/sh−18,161$5,356,769→ 0 totalExercise: $35.04From: 2020-06-03Exp: 2029-06-03→ Common Stock (18,161 underlying)
Footnotes (3)
- [F1]The securities were disposed of in connection with the acquisition of the Issuer by an affiliate of Thoma Bravo LP (the "Merger").
- [F2]This option, which provided for vesting of 25% of the shares on the first anniversary of the date of grant, and, with respect to the remaining 75% of the shares, in 36 approximately equal monthly installments thereafter, was canceled in the Merger in exchange for a cash payment of $967,629, representing the difference between the exercise price of the options and the market value of the underlying Stamps.com common stock at the effective time of the Merger ($330 per share).
- [F3]This option, which provided for vesting of approximately one-third of the shares on June 3, 2020, and, with respect to the remaining two-thirds of the shares, in 24 approximately equal monthly installments thereafter, was canceled in the Merger in exchange for a cash payment of $5,356,768.56, representing the difference between the exercise price of the options and the market value of the underlying Stamps.com common stock at the effective time of the Merger ($330 per share).