zulily, inc. 4
4 · zulily, inc. · Filed Oct 5, 2015
Insider Transaction Report
Form 4
Gupta Mike
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2015-10-01−1,959→ 0 totalExercise: $18.62Exp: 2025-02-05→ Class A Common Stock (1,959 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-10-01−4,701→ 0 totalExercise: $18.62Exp: 2025-02-05→ Class A Common Stock (4,701 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-10-01−20,219→ 0 totalExercise: $13.28Exp: 2025-05-13→ Class A Common Stock (20,219 underlying)
Footnotes (3)
- [F1]Per the terms of the Agreement and Plan of Reorganization, dated August 16, 2015, by and among the Issuer, Liberty Interactive Corporation, a Delaware corporation, Mocha Merger Sub, Inc., a Delaware corporation, and Ziggy Merger Sub, LLC, a Delaware limited liability company (the "Agreement"), this option was assumed by Liberty Interactive Corporation and became an option to purchase a number of shares of Liberty Interactive Corporation's Series A QVC Group Common Stock equal to (i) the number of shares set forth in Column 5 of Table II multiplied by (ii) the Conversion Ratio (as described below) and rounding the resulting number down to the nearest whole number of shares of Liberty Interactive Corporation's Series A QVC Group Common Stock. This option's exercise price per share was also adjusted by dividing the exercise price set forth in Column 2 of Table II by the Conversion Ratio, and rounding the resulting exercise price up to the nearest whole cent.
- [F2]The Conversion Ratio equals (a) 0.3098 plus (b) the quotient of $9.375 divided by the volume weighted average closing sale price of one share of Liberty Interactive Corporation's Series A QVC Group Common Stock as reported over the ten consecutive trading day period ending on and including September 29, 2015.
- [F3]The vesting schedule of the option remains unchanged.