CHUNG PETER Y 4
4 · Acacia Communications, Inc. · Filed Mar 3, 2021
Insider Transaction Report
Form 4
CHUNG PETER Y
Director
Transactions
- Disposition to Issuer
Common Stock
2021-03-01$115.00/sh−14,600$1,679,000→ 0 total
Footnotes (2)
- [F1]Mr. Chung held 14,600 shares of the Company's Common Stock for the benefit of Summit Partners, L.P., which is entitled to the proceeds of any such sales. Summit Partners, L.P., through a two-person investment committee responsible for voting and investment decisions with respect to the Company's securities, currently comprised of Martin J. Mannion and Peter Y. Chung, has voting and dispositive power over the Common Stock reported herein and therefore may be deemed to beneficially own such shares. Each of Summit Partners, L.P., Mannion and Mr. Chung disclaims beneficial ownership of the Common Stock, except to the extent of their pecuniary interest therein.
- [F2]Pursuant to the terms of the Merger Agreement, at the Effective Time, each share of the Company's Common Stock automatically converted into the right to receive the Merger Consideration.