4//SEC Filing
SHARMA SHALINI 4
Accession 0001104659-22-110353
CIK 0001679826other
Filed
Oct 19, 8:00 PM ET
Accepted
Oct 20, 5:40 PM ET
Size
7.1 KB
Accession
0001104659-22-110353
Insider Transaction Report
Form 4
SHARMA SHALINI
Chief Legal Officer
Transactions
- Disposition to Issuer
Company Common Stock, $0.001 par value
2022-10-18$28.50/sh−161,215$4,594,628→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated August 2, 2022 (the "Merger Agreement"), by and among Project Polaris Holdings, LP ("Parent"), Project Polaris Merger Sub, Inc. ("Merger Sub") and the Issuer, Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of the Issuer's common stock ("Company Common Stock") issued and outstanding immediately prior to the Merger was automatically cancelled, extinguished and converted into the right to receive $28.50 per share in cash, without interest thereon, subject to applicable withholding taxes (the "Per Share Price").
- [F2]The reported securities include unvested restricted stock units ("Company RSUs") of the Issuer which pursuant to the Merger Agreement, were, at the Effective Time, canceled and converted into the right to receive an amount in cash, without interest and subject to applicable withholding taxes, equal to the product of (i) the Per Share Price and (ii) the total number of shares of Company Common Stock subject to such Company RSUs as of immediately prior to the Effective Time. Cash paid in replacement of unvested Company RSUs will, subject to the Reporting Person's continued service through the applicable vesting dates, generally vest and be payable at the same time and under the same terms as the Company RSUs for which such cash was exchanged.
Documents
Issuer
Ping Identity Holding Corp.
CIK 0001679826
Entity typeother
Related Parties
1- filerCIK 0001904200
Filing Metadata
- Form type
- 4
- Filed
- Oct 19, 8:00 PM ET
- Accepted
- Oct 20, 5:40 PM ET
- Size
- 7.1 KB