Dodd Julie 4
4 · DUCK CREEK TECHNOLOGIES, INC. · Filed Mar 31, 2023
Insider Transaction Report
Form 4
Dodd Julie
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.01 per share
2023-03-30−100→ 0 total(indirect: By Children) - Disposition to Issuer
Common Stock, par value $0.01 per share
2023-03-30−21,318→ 0 total - Disposition to Issuer
Common Stock, par value $0.01 per share
2023-03-30−100→ 0 total(indirect: By Children)
Footnotes (2)
- [F1]Reflects awards of stock ("RSAs") held by the Reporting Person. Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 8, 2023, by and among the Issuer, Disco Parent, LLC, a Delaware limited liability company, and Disco Merger Sub, Inc., a Delaware corporation, each RSA, whether vested or unvested, that was outstanding immediately prior to the effective time of the merger contemplated by the Merger Agreement was fully vested, cancelled and automatically converted into the right to receive an amount in cash equal to the product of (a) the aggregate number of shares subject to such RSAs, multiplied by (b) $19.00, subject to any required withholding of taxes.
- [F2]The shares were disposed of pursuant to the Merger Agreement, whereby, at Effective Time, all shares of Issuer common stock issued and outstanding immediately prior to the Effective time (other than certain excluded shares) were cancelled, extinguished and automatically converted into the right to receive $19.00 per share in cash, without interest.