4//SEC Filing
Gibbons John 4
Accession 0001209191-19-043539
CIK 0000883980other
Filed
Jul 28, 8:00 PM ET
Accepted
Jul 29, 5:15 PM ET
Size
8.9 KB
Accession
0001209191-19-043539
Insider Transaction Report
Form 4
Gibbons John
Executive Vice President
Transactions
- Disposition to Issuer
Class A Common Stock
2019-07-29−311,203→ 0 total - Disposition to Issuer
Stock Options (right to buy)
2019-07-29−344,732→ 0 totalExercise: $19.28Exp: 2028-12-03→ Class A Common Stock (344,732 underlying)
Footnotes (4)
- [F1]Includes (i) 181,535 restricted stock units previously subject to time-based vesting which were converted into units denominated in shares of Fiserv, Inc. (Fiserv) common stock based on the exchange ratio (defined in footnote (2)) and will continue to be governed by the same terms and conditions as were applicable at the effective time, and (ii) 129,668 shares of restricted stock subject to performance-vesting which were converted into awards denominated in shares of Fiserv common stock based on the exchange ratio and which will continue to be governed by the same terms and conditions as were applicable at the effective time, in each case, in accordance with the Agreement and Plan of Merger dated January 16, 2019 (the Merger Agreement) among First Data Corporation (Issuer), Fiserv, and 300 Holdings, Inc. (Merger Sub).
- [F2]Pursuant to the Merger Agreement among Issuer, Fiserv, and Merger Sub, upon the effective time of the merger of Merger Sub into Issuer (the Merger) on July 29, 2019, each common share of the Issuer was converted in the right to receive 0.303 shares of Fiserv common stock (the exchange ratio).
- [F3]The options were originally scheduled to vest in equal annual installments on each of the first three anniversaries of November 15, 2018.
- [F4]Pursuant to the Merger Agreement, immediately after the effective time of the Merger, the option was converted into an option to purchase a number of shares of Fiserv common stock equal to the number of shares of Issuer common stock subject to such option award immediately prior the effective time multiplied by the exchange ratio, with an exercise price per share equal to the exercise price per share of such stock option immediately prior to the effective time divided by the exchange ratio. The options will continue to be governed by the same vesting terms as were applicable at the effective time.
Documents
Issuer
FIRST DATA CORP
CIK 0000883980
Entity typeother
Related Parties
1- filerCIK 0001760225
Filing Metadata
- Form type
- 4
- Filed
- Jul 28, 8:00 PM ET
- Accepted
- Jul 29, 5:15 PM ET
- Size
- 8.9 KB