4//SEC Filing
GALLEGOS EARL 4
Accession 0001213900-20-027597
CIK 0001626853other
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 5:14 PM ET
Size
12.4 KB
Accession
0001213900-20-027597
Insider Transaction Report
Form 4
MajescoMJCO
GALLEGOS EARL
Director
Transactions
- Disposition to Issuer
Stock option (right to purchase)
2020-09-21−33,333→ 0 totalExercise: $4.92Exp: 2025-06-29→ Common stock (33,333 underlying) - Disposition to Issuer
Stock option (right to purchase)
2020-09-21−15,000→ 0 totalExercise: $4.85Exp: 2027-07-26→ Common stock (15,000 underlying) - Disposition to Issuer
Common Stock
2020-09-21−80,624→ 0 total - Disposition to Issuer
Stock option (right to purchase)
2020-09-21−33,333→ 0 totalExercise: $5.24Exp: 2026-08-18→ Common stock (33,333 underlying)
Footnotes (5)
- [F1]Disposition pursuant to the Amended and Restated Agreement and Plan of Merger dated as of August 8, 2020 by and among Majesco, Magic Intermediate, LLC and Magic Merger Sub, Inc. (the "Merger Agreement"). Pursuant to the Merger Agreement, on the effective date of the merger (September 21, 2020) (the "Effective Date"), each share of Issuer common stock was converted into the right to receive $16.00 in cash.
- [F2]All 33,333 options are exercisable.
- [F3]Disposition pursuant to the Merger Agreement. Pursuant to the Merger Agreement, on the Effective Date of the merger, each option to purchase shares of the Issuer's common stock, whether vested or unvested, was cancelled in exchange for the right to receive an amount in cash equal to the product of (a) the excess of $16.00 over the exercise price of such option multiplied by (b) the number of shares of Issuer common stock subject to such option.
- [F4]All 33,333 options are exercisable.
- [F5]The options vest and become exercisable in equal installments on an annual basis over a four-year period commencing on July 26, 2017. Upon the Effective Date of the merger, the vesting of all unvested options was accelerated such that all unvested options became immediately exercisable.
Documents
Issuer
Majesco
CIK 0001626853
Entity typeother
IncorporatedNJ
Related Parties
1- filerCIK 0001061408
Filing Metadata
- Form type
- 4
- Filed
- Sep 20, 8:00 PM ET
- Accepted
- Sep 21, 5:14 PM ET
- Size
- 12.4 KB