4//SEC Filing
QLIK TECHNOLOGIES INC 4
Accession 0001209191-16-138109
CIK 0001305294operating
Filed
Aug 21, 8:00 PM ET
Accepted
Aug 22, 4:33 PM ET
Size
13.0 KB
Accession
0001209191-16-138109
Insider Transaction Report
Form 4
Thurmond Mark C.
EVP, Worldwide Sales and Serv.
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-08-22$4.31/sh−83,400$359,454→ 0 totalExercise: $26.19Exp: 2026-03-07→ Common Stock (83,400 underlying) - Disposition to Issuer
Common Stock
2016-08-22−65,000→ 0 total - Disposition to Issuer
Restricted Stock Unit
2016-08-22$30.50/sh−34,400$1,049,200→ 0 total→ Common Stock (34,400 underlying)
Footnotes (7)
- [F1]These shares represent a restricted stock unit ("RSU") grant earned in connection with the satisfaction of certain performance criteria pursuant to a previously issued performance-based RSU award, which provided for settlement of these RSUs in equal annual installments on September 1, 2016 and September 1, 2017, provided that the Reporting Person remained continuously employed by the Issuer through such dates. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
- [F2]This RSU was cancelled pursuant to the Agreement and Plan of Merger between Issuer, Project Alpha Holding, LLC and Project Alpha Merger Corp. (the "Merger Agreement").
- [F3]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 of the merger contemplated within the Merger Agreement (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]This option, which provided for vesting with respect to one-quarter (1/4) of the shares of stock which were subject to this option on March 7, 2017 (the "2017 Initial Vesting Date"), provided Reporting Person remained continuously employed by the Issuer through the 2017 Initial Vesting Date; and exercisable with respect to three-quarters (3/4) of the shares of stock which were subject to this option in equal increments quarterly over three (3) years beginning on the date three (3) months from the 2017 Initial Vesting Date, provided that the Reporting Person remained continuously employed by the Issuer through the last day of each quarterly period, was cancelled pursuant to the Merger Agreement and, as soon as possible following the Effective Time, the Reporting Person was entitled to receive a cash payment equal to the product of (1) the difference between the exercise price and $30.50 and (2) the number of unexercised options.
- [F5]Each RSU represented a contingent right to receive one share of the Issuer's common stock.
- [F6]The RSU, which provided for vesting in 4 equal annual installments beginning on March 7, 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.
- [F7]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, 4:33 PM ET
- Size
- 13.0 KB