Kelly Michael A 4
4 · RED HAT INC · Filed Jul 9, 2019
Insider Transaction Report
Form 4
RED HAT INCRHT
Kelly Mike A
Chief Information Officer
Transactions
- Disposition to Issuer
Restricted Stock Unit
2019-07-09−9,715→ 0 total→ Common Stock (9,715 underlying) - Disposition to Issuer
Common Stock
2019-07-09−13,250→ 0 total - Disposition to Issuer
Common Stock
2019-07-09$190.00/sh−2,601$494,190→ 13,250 total
Footnotes (5)
- [F1]Pursuant to the Agreement and Plan of Merger dated as of October 28, 2018, by and among International Business Machines Corporation ("IBM"), Socrates Acquisition Corp. and Red Hat, common shares of Red Hat were disposed of for cash consideration of $190.00 per share.
- [F2]Represents shares of Red Hat restricted stock. Each Red Hat restricted stock award was converted pursuant to the merger agreement into an IBM restricted stock award, with substantially the same terms and conditions as were applicable to such Red Hat restricted shares.
- [F3]These restricted stock units were payable in shares of Red Hat common stock, or at the election of Red Hat in cash.
- [F4]Red Hat RSUs were converted pursuant to the merger agreement into IBM RSUs with substantially the same terms and conditions as were applicable to such Red Hat RSUs.
- [F5]These RSUs where granted on October 17, 2016 and vest 25% annually on the anniversary of the vesting start date and are payable in shares of Red Hat common stock, or at the election of Red Hat in cash.