Eghbali Behdad 4
4 · ConvergeOne Holdings, Inc. · Filed May 24, 2018
Insider Transaction Report
Form 4
Eghbali Behdad
Director10% Owner
Transactions
- Award
Common Stock
2018-02-22+4,169,878→ 42,299,691 total(indirect: By Clearlake Capital Partners III (Master), L.P.)
Footnotes (3)
- [F1]The Reporting Person became entitled to receive these shares on May 22, 2018 for no additional consideration pursuant to an earnout provision in the Agreement and Plan of Merger between C1 Investment Corp., Clearlake Capital Management III, L.P., in its capacity as seller representative, and Forum Merger Corporation, dated November 30, 2017 (the "Merger Agreement"). Subject to achievement of the associated earnout milestones, the Reporting Person's right to receive these additional shares became irrevocable on February 22, 2018, the closing date of the transactions under the Merger Agreement.
- [F2]The calculation for the value of these shares was established in the Merger Agreement.
- [F3]Consists of 42,299,691 shares of Common Stock held directly by Clearlake Capital Partners III (Master), L.P. Clearlake Capital Partners III GP, L.P. is the General Partner of Clearlake Capital Partners III (Master), L.P. Clearlake Capital Partners, LLC is the General Partner of Clearlake Capital Partners III GP, L.P. CCG Operations, LLC is the managing member of Clearlake Capital Partners, LLC. Each of Behdad Eghbali and Jose E. Feliciano are managers of CCG Operations, LLC and therefore share voting and investment power over the shares held by Clearlake Capital Partners III (Master), L.P.