4//SEC Filing
Menon Narayan 4
Accession 0001104659-21-073393
CIK 0001837686other
Filed
May 26, 8:00 PM ET
Accepted
May 27, 5:44 PM ET
Size
8.7 KB
Accession
0001104659-21-073393
Insider Transaction Report
Form 4
Vimeo, Inc.VMEO
Menon Narayan
Chief Financial Officer
Transactions
- Award
Common Stock
2021-05-25+340→ 340 total - Award
Stock Appreciation Rights
2021-05-25+1,825,740→ 1,825,740 totalExercise: $6.72From: 2021-05-25Exp: 2030-02-24→ Common Stock, par value $0.01 (1,825,740 underlying)
Footnotes (3)
- [F1]Represents shares of Issuer common stock that Mr. Menon received in connection with the completion of the Issuer's spin-off (the "Spin-off") from IAC/InterActiveCorp ("IAC") on May 25, 2021, as a result of shares of IAC common stock held by Mr. Menon prior to the Spin-off. In connection with the Spin-off, each share of IAC par value $0.001 common stock was reclassified into (i) one share of IAC par value $0.0001 common stock and (ii) 1/100th of a share of IAC par value $0.01 Series 1 mandatorily exchangeable preferred stock that was then automatically exchanged into 1.6235 shares of Issuer common stock (with holders receiving cash in lieu of any fractional shares of Issuer common stock resulting, after aggregation, from the reclassification).
- [F2]Prior to the completion of the Spin-off, Vimeo.com, Inc., formerly known as Vimeo, Inc. ("Vimeo") had outstanding stock appreciation rights ("SARs"), the value of which corresponded to shares of Vimeo common stock. Pursuant to the terms of the Employee Matters Agreement by and between the Issuer and IAC, dated May 25, 2021, 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 previously vested installment of the SARs became exercisable on May 25, 2021, and the remaining three equal installments become exercisable on February 24, 2022, February 24, 2023 and February 24, 2024.
Documents
Issuer
Vimeo, Inc.
CIK 0001837686
Entity typeother
Related Parties
1- filerCIK 0001859622
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 5:44 PM ET
- Size
- 8.7 KB