Benson Steven J. 4
4 · LogMeIn, Inc. · Filed Aug 31, 2020
Insider Transaction Report
Form 4
LogMeIn, Inc.LOGM
Benson Steven J.
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock, par value $0.01 per share
2020-08-31−5,384→ 0 total - Disposition to Issuer
Restricted Stock Units
2020-08-31−968→ 0 totalExercise: $0.00From: 2020-08-31→ Common Stock, par value $0.01 per share (968 underlying)
Footnotes (3)
- [F1]At the effective time of the merger contemplated by the Agreement and Plan of Merger, dated as of December 17, 2019, by and among LogMeIn, Inc. (the "Company"), Logan Parent, LLC, and Logan Merger Sub, Inc. (the "Effective Time"), each issued and outstanding share of common stock of the Company (each, a "Share") held by Mr. Benson was converted into the right to receive $86.05 in cash, without interest.
- [F2]Represents restricted stock units subject only to service-based vesting conditions (a "Company RSU") under the Company's stock plans.
- [F3]At the Effective Time, each outstanding Company RSU under the Company's stock plans was converted into the right to receive an amount in cash (without interest) equal to the product obtained by multiplying (i) the total number of Shares subject to such Company RSU immediately prior to the Effective Time by (ii) $86.05.