Bennett John Buel 4
4 · LogMeIn, Inc. · Filed Aug 31, 2020
Insider Transaction Report
Form 4
LogMeIn, Inc.LOGM
Bennett John Buel
SVP & GM, IAM
Transactions
- Disposition to Issuer
Performance RSUs
2020-08-31−1,846→ 0 totalExercise: $0.00From: 2020-08-31→ Common Stock (1,846 underlying) - Disposition to Issuer
Restricted Stock Units
2020-08-31−10,059→ 0 totalExercise: $0.00From: 2020-08-31→ Common Stock (10,059 underlying) - Disposition to Issuer
Common Stock, par value $0.01 per share
2020-08-31−8,643→ 0 total
Footnotes (5)
- [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. Bennett 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, and otherwise remains subject to the same vesting and settlement schedule and other terms and conditions applicable to such Company RSU immediately prior to the Effective Time.
- [F4]Represents restricted stock units subject to performance-based vesting conditions or a requirement to satisfy performance conditions to earn the Shares covered thereby (a "Company P-RSU") under the Company's stock plans.
- [F5]At the Effective Time, each outstanding Company P-RSU subject to revenue-based vesting conditions 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 earned Shares subject to such Company P-RSU immediately prior to the Effective Time based on the actual performance through the Effective Time by (ii) $86.05, and otherwise remains subject to the same vesting and settlement schedule and other terms and conditions applicable to such Company P-RSU immediately prior to the Effective Time.