4//SEC Filing
Kornfilt Mark 4
Accession 0001104659-21-073379
CIK 0001837686other
Filed
May 26, 8:00 PM ET
Accepted
May 27, 5:37 PM ET
Size
13.4 KB
Accession
0001104659-21-073379
Insider Transaction Report
Form 4
Vimeo, Inc.VMEO
Kornfilt Mark
President & CPO
Transactions
- Award
Stock Appreciation Rights
2021-05-25+126,787→ 126,787 totalExercise: $5.95From: 2021-05-25Exp: 2028-06-28→ Common Stock, par value $0.01 (126,787 underlying) - Award
Stock Appreciation Rights
2021-05-25+126,787→ 126,787 totalExercise: $4.90From: 2021-05-25Exp: 2027-11-01→ Common Stock, par value $0.01 (126,787 underlying) - Award
Common Stock
2021-05-25+344,316→ 344,316 total - Award
Stock Appreciation Rights
2021-05-25+253,575→ 253,575 totalExercise: $5.95From: 2021-05-25Exp: 2028-06-28→ Common Stock, par value $0.01 (253,575 underlying)
Footnotes (4)
- [F1]Represents a grant of restricted stock units with respect to shares of the Issuer's common stock that vests in full on March 3, 2024. Prior to the completion of its spin-off (the "Spin-off") from IAC/InterActiveCorp ("IAC"), Vimeo.com, Inc., formerly known as Vimeo, Inc. ("Vimeo") had outstanding restricted stock units ("RSUs"), the value of which corresponded to shares of Vimeo common stock. Vimeo RSU awards were able to be settled upon vesting in shares of IAC common stock. Pursuant to the terms of the Employee Matters Agreement, dated as of May 25, 2021 (the "EMA"), by and between the Issuer and IAC and in connection with the Spin-off, each Vimeo RSU award that was outstanding as of immediately prior to the effective time of the Spin-off was automatically converted into an award of RSUs corresponding to, and settled in, shares of Issuer common stock, with adjustments to the number of shares subject to each Issuer RSU award, based on an exchange ratio of 1:1.0143.
- [F2]Prior to the completion of the Spin-off, Vimeo had outstanding stock appreciation rights ("SARs"), the value of which corresponded to shares of Vimeo common stock. Pursuant to the terms of the EMA and in connection with the Spin-off, each SAR that was outstanding as of immediately prior to the effective time of the Spin-off was automatically converted into a SAR corresponding to, and settled in, shares of Issuer common stock, with adjustments to the number of shares subject to each Issuer SAR and the base price applicable to each Issuer SAR, based on an exchange ratio of 1:1.0143.
- [F3]The first three previously vested installments of the SARs became exercisable on May 25, 2021, and the final installment becomes exercisable on November 1, 2021.
- [F4]The first two previously vested installments of the SARs became exercisable on May 25, 2021, and the remaining two equal installments become exercisable on June 28, 2021 and June 28, 2022.
Documents
Issuer
Vimeo, Inc.
CIK 0001837686
Entity typeother
Related Parties
1- filerCIK 0001859303
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 5:37 PM ET
- Size
- 13.4 KB