Rifai Steve 4
4 · STAMPS.COM INC · Filed Oct 7, 2021
Insider Transaction Report
Form 4
STAMPS.COM INCSTMP
Rifai Steve
Sr. VP-Sales & Customer Dev.
Transactions
- Disposition to Issuer
Stock option (right to buy)
2021-10-05$242.12/sh−10,000$2,421,200→ 0 totalExercise: $87.88From: 2017-02-05Exp: 2026-02-05→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock option (right to buy)
2021-10-05$207.30/sh−13,000$2,694,900→ 0 totalExercise: $122.70From: 2017-03-01Exp: 2027-02-01→ Common Stock (13,000 underlying) - Disposition to Issuer
Stock option (right to buy)
2021-10-05$294.96/sh−40,000$11,798,400→ 0 totalExercise: $35.04From: 2020-06-03Exp: 2029-06-03→ Common Stock (40,000 underlying)
Footnotes (4)
- [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 had previously fully vested, was canceled in the Merger in exchange for a cash payment of $2,421,200, 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 had previously fully vested, was canceled in the Merger in exchange for a cash payment of $2,694,900, 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).
- [F4]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 $11,798,400, 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).