Skomal Mark 4
4 · CyrusOne Inc. · Filed Mar 25, 2022
Insider Transaction Report
Form 4
CyrusOne Inc.CONE
Skomal Mark
SVP & Chief Accounting Officer
Transactions
- Award
Common Stock
2022-03-25+5,373→ 18,151 total - Award
LTIP Units
2022-03-25+6,798→ 7,769 total→ Common Stock (6,798 underlying) - Disposition to Issuer
Common Stock
2022-03-25−18,151→ 0 total - Disposition to Issuer
LTIP Units
2022-03-25−7,769→ 0 total→ Common Stock (7,769 underlying)
Footnotes (4)
- [F1]Represents vesting of performance share units granted in 2020 at the maximum level in accordance with the terms of the Agreement and Plan of Merger, dated as of November 14, 2021 (the "Merger Agreement"), by and among CyrusOne Inc., a Maryland corporation (the "Company"), Cavalry Parent L.P., a Delaware limited partnership ("Parent"), and Cavalry Merger Sub LLC, a Delaware limited liability company and a wholly-owned subsidiary of Parent.
- [F2]Pursuant to them Merger Agreement, at the effective time of the merger (the "Effective Time"), (i) each share of Common Stock converted into the right to receive a lump-sum cash payment, without interest, equal to $90.50 (the "Merger Consideration") and (ii) each outstanding restricted stock unit was canceled and converted into the right to receive a lump-sum cash payment, without interest, equal to the Merger Consideration, plus the amount of any accrued dividend equivalents on such stock unit that remained unpaid at the Effective Time, which will be subject to the same vesting terms and conditions as the underlying stock unit.
- [F3]Represents vesting of LTIP Units in the Company's operating partnership, CyrusOne L.P., at the maximum level in accordance with the terms of the Merger Agreement.
- [F4]Pursuant to the Merger Agreement, at the Effective Time, each outstanding LTIP Unit was canceled and converted into the right to receive a lump-sum cash payment, without interest, equal to the product of the number of shares of Common Stock into which such LTIP Unit was convertible and the Merger Consideration, plus the amount of any declared distributions with respect to such LTIP Unit that remain unpaid at the Effective Time.