4//SEC Filing
Gottfried Randy 4
Accession 0001209191-23-029006
CIK 0001643269other
Filed
May 11, 8:00 PM ET
Accepted
May 12, 4:10 PM ET
Size
8.5 KB
Accession
0001209191-23-029006
Insider Transaction Report
Form 4
Sumo Logic, Inc.SUMO
Gottfried Randy
Director
Transactions
- Disposition to Issuer
Common Stock
2023-05-12−40,141→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2023-05-12−250,000→ 0 totalExercise: $3.68Exp: 2029-02-25→ Common Stock (250,000 underlying)
Footnotes (4)
- [F1]Certain of these shares are represented by previously reported restricted stock units ("RSUs"). At the effective time of the merger (the "Effective Time") each issued and outstanding RSU was cancelled and converted into the right to receive an amount equal to $12.05 in cash (the "Per Share Price"), subject to the terms set forth in the Merger Agreement.
- [F2]Pursuant to the terms of the Company's Outside Director Compensation Policy and/or the applicable award agreement governing such RSU, at the Effective Time, each unvested RSU was accelerated and converted into the right to receive an amount in cash equal to the Per Share Price.
- [F3]Pursuant to an Agreement and Plan of Merger (the "Merger Agreement") between Serrano Parent, Serrano Merger Sub, Inc., and Sumo Logic (the "Company"), each issued and outstanding share of the Company's common stock was cancelled and converted into the right to receive an amount in cash equal to the Per Share Price.
- [F4]At the Effective Time, each issued and outstanding stock option was cancelled and converted into the right to receive an amount in cash equal to (x) the Per Share Price, over (y) the exercise price per share of such stock option, subject to the terms set forth in the Merger Agreement. Following the Effective Time, the cash payments relating to the unvested shares underlying the stock option are subject to the Reporting Person's continued service with the Company through the applicable vesting dates that would have otherwise applied to the corresponding stock option.
Documents
Issuer
Sumo Logic, Inc.
CIK 0001643269
Entity typeother
Related Parties
1- filerCIK 0001366000
Filing Metadata
- Form type
- 4
- Filed
- May 11, 8:00 PM ET
- Accepted
- May 12, 4:10 PM ET
- Size
- 8.5 KB