Scull John 4
4 · ON Semiconductor Connectivity Solutions, Inc. · Filed Jun 21, 2019
Insider Transaction Report
Form 4
Scull John
Director
Transactions
- Award
Common Stock
2019-06-06+5,555→ 20,999 total - Disposition to Issuer
Commonm Stock
2019-06-19−20,999→ 0 total - Disposition to Issuer
Common Stock
2019-06-19−1,727,434→ 0 total(indirect: See footnote)
Footnotes (4)
- [F1]Each share is represented by a Restricted Stock Unit ("RSU"). 100% of the RSUs will vest upon the earlier of the one (1) year anniversary of the grant date or the day prior to the Issuer's 2020 Annual Meeting occurring after the grant date, in each case, subject to the Reporting Person's continued service as of the applicable vesting date and acceleration of vesting upon a change of control.
- [F2]Each outstanding share of the Common Stock of the Issuer was converted into the right to receive $24.50 per share in cash, as described in the Merger Agreement.
- [F3]Certain of these securities were RSUs that represented the Reporting Person's right to receive Common Stock shares of the Issuer. The RSUs were subject to acceleration of vesting, cancelled and converted automatically into the right to receive $24.50 per share in cash, as described in the Merger Agreement.
- [F4]Shares held by Southern Cross Venture Partners Management Pty Ltd as trustee for Southern Cross Fund No 1 Trust. As a managing member and director of Southern Cross Venture Partners Pty Ltd., the Reporting Person shares voting and investment power with respect to these shares.