4//SEC Filing
Pietri Antonio J 4
Accession 0001127602-25-009351
CIK 0001897982other
Filed
Mar 12, 8:00 PM ET
Accepted
Mar 13, 4:27 PM ET
Size
28.7 KB
Accession
0001127602-25-009351
Insider Transaction Report
Form 4
Pietri Antonio J
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Common Stock
2025-03-12−13→ 0 total - Disposition to Issuer
Common Stock Option (Right to Buy)
2025-03-12−74,851→ 0 totalExercise: $193.49Exp: 2032-05-31→ Common Stock (74,851 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2025-03-12−42,137→ 0 totalExercise: $129.48Exp: 2028-09-03→ Common Stock (42,137 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2025-03-11−12,834→ 0 totalExercise: $48.91Exp: 2025-08-02→ Common Stock (12,834 underlying) - Other
Common Stock
2025-03-11−121,600→ 0 total - Other
Common Stock
2025-03-11−11,450→ 0 total(indirect: By GRAT) - Disposition to Issuer
Common Stock
2025-03-12−50,276→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2025-03-12−63,649→ 0 totalExercise: $146.48Exp: 2030-12-27→ Common Stock (63,649 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2025-03-12−58,956→ 0 totalExercise: $145.35Exp: 2031-08-31→ Common Stock (58,956 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2025-03-12−39,209→ 0 totalExercise: $149.50Exp: 2029-09-02→ Common Stock (39,209 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2025-03-12−34,324→ 0 totalExercise: $51.03Exp: 2026-08-31→ Common Stock (34,324 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2025-03-12−26,074→ 0 totalExercise: $70.99Exp: 2027-08-31→ Common Stock (26,074 underlying)
Footnotes (5)
- [F1]This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 26, 2025, among Aspen Technology, Inc. (the "Issuer"), Emerson Electric Co. ("Parent"), and Emersub CXV, Inc., a wholly owned subsidiary of Parent ("Purchaser"), pursuant to which Purchaser completed a cash tender offer for shares of common stock of the Issuer (each, a "Share") not already owned by Parent and thereafter merged with and into the Issuer, effective as of March 12, 2025 (the "Effective Time"). At the Effective Time, each issued and outstanding Share was cancelled and converted into the right to receive $265.00 in cash (the "Merger Consideration"), without interest and less any applicable tax withholding.
- [F2]Includes 13 shares acquired on March 12, 2025 under the Aspen Technology, Inc. 2022 Employee Stock Purchase Plan.
- [F3]Represents restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represented a contingent right to receive one Share upon vesting of the RSU (a "Company RSU").
- [F4]Pursuant to the Merger Agreement, at the Effective Time, each Company RSU reported in this Form 4 was cancelled and converted into an award of RSUs with respect to shares of common stock of Parent (each, a "Parent RSU"). The number of Parent shares applicable to each Parent RSU is equal to (i) the number of Shares underlying each Company RSU multiplied by (ii) the Equity Award Exchange Ratio (as defined in the Merger Agreement), rounded down to the nearest whole number of Parent shares. Each Parent RSU is subject to the same terms and conditions, including vesting schedule, that applied to the corresponding Company RSU prior to the Effective Time.
- [F5]Pursuant to the Merger Agreement, at the Effective Time, each option (whether vested or unvested) that was outstanding and unexercised immediately prior to the Effective Time, was cancelled and converted into the right to receive, for each Share underlying such option, an amount in cash, without interest, less any applicable tax withholding, equal to the excess, if any, of the Merger Consideration over the exercise price per share of such option. Each option that was outstanding and unexercised immediately prior to the Effective Time which had a per share exercise price greater than or equal to the Merger Consideration was cancelled with no consideration payable.
Documents
Issuer
Aspen Technology, Inc.
CIK 0001897982
Entity typeother
Related Parties
1- filerCIK 0001407695
Filing Metadata
- Form type
- 4
- Filed
- Mar 12, 8:00 PM ET
- Accepted
- Mar 13, 4:27 PM ET
- Size
- 28.7 KB