4//SEC Filing
QLIK TECHNOLOGIES INC 4
Accession 0001209191-16-138105
CIK 0001305294operating
Filed
Aug 21, 8:00 PM ET
Accepted
Aug 22, 4:31 PM ET
Size
8.4 KB
Accession
0001209191-16-138105
Insider Transaction Report
Form 4
Ott Alexander
Director
Transactions
- Disposition to Issuer
Common Stock
2016-08-22−79,800→ 0 total - Disposition to Issuer
Restricted Stock Unit
2016-08-22$30.50/sh−6,500$198,250→ 0 total→ Common Stock (6,500 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger between Issuer, Project Alpha Holding, LLC and Project Alpha Merger Corp. (the "Merger Agreement"), whereby, immediately prior to the effective time of the merger contemplated therein (the"Effective Time"), all issued and outstanding shares of Issuer common stock were converted into the right to receive $30.50 per share in cash and, when so converted, automatically cancelled.
- [F2]Each restricted stock unit ("RSU") represented a contingent right to receive one share of the Issuer's common stock.
- [F3]The RSU, which provided for vesting and settlement on May 12, 2017 was cancelled pursuant to the Merger Agreement and the Reporting Person became entitled to receive an initial cash payment equal to the product of $30.50 and the sum of the number of vested but unsettled shares of common stock and 1/3 of the unvested shares of common stock subject to this RSU. The Reporting Person shall be entitled to receive a payment for the remaining 2/3 of the unvested shares of common stock subject to this RSU in equal portions promptly following the 12 and 18 month anniversaries of the Effective Time or upon the earlier date as the RSU was scheduled to vest according to the original vesting conditions, provided the Reporting Person remains continuously employed by the Issuer through such date and provided further that if the Reporting Person is terminated without cause, the vesting conditions will be deemed satisfied on the Reporting Person's last day of employment.
- [F4]Not applicable.
Documents
Issuer
QLIK TECHNOLOGIES INC
CIK 0001305294
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001305294
Filing Metadata
- Form type
- 4
- Filed
- Aug 21, 8:00 PM ET
- Accepted
- Aug 22, 4:31 PM ET
- Size
- 8.4 KB