Renner Karen 4
4 · ARRIS International plc · Filed Apr 8, 2019
Insider Transaction Report
Form 4
Renner Karen
SVP, Chief Information Officer
Transactions
- Disposition to Issuer
Restricted Shares
2019-04-04−5,580→ 0 totalExercise: $0.00Exp: 2022-08-13→ Ordinary Shares (5,580 underlying) - Disposition to Issuer
Restricted Shares
2019-04-04−6,820→ 5,580 totalExercise: $0.00Exp: 2022-08-13→ Ordinary Shares (6,820 underlying)
Footnotes (2)
- [F1]At the Effective Time, 55% of the Ordinary Shares subject to this restricted stock unit grant, which provided for vesting in four equal annual installments beginning one year from the date of grant, were cancelled and converted into the right to receive cash equal to $31.75 multiplied by the number of restricted stock units being so cancelled and converted.
- [F2]At the Effective Time, 45% of the Ordinary Shares subject to this restricted stock unit grant, which provided for vesting in four equal annual installments beginning one year from the date of grant, were assumed and converted into restricted stock units denominated in shares of CommScope Common Stock equal to (i) the number of restricted stock units being so converted multiplied by (ii) an exchange ratio, (A) the numerator of which is $31.75 and (B) the denominator of which is the volume-weighted average price per share of CommScope's Common Stock for the 20 trading days prior to the Effective Time of $22.0581, but otherwise remained subject to the original terms and vesting schedule associated with such assumed restricted stock unit.