4//SEC Filing
Stanley Lori Lynn 4
Accession 0001213900-20-027606
CIK 0001626853other
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 5:18 PM ET
Size
8.3 KB
Accession
0001213900-20-027606
Insider Transaction Report
Form 4
MajescoMJCO
Stanley Lori Lynn
General Counsel and Corp Sec
Transactions
- Disposition to Issuer
Stock option (right to purchase)
2020-09-21−10,000→ 0 totalExercise: $4.87Exp: 2027-07-25→ Common stock (10,000 underlying) - Disposition to Issuer
Stock option (right to purchase)
2020-09-21−25,000→ 0 totalExercise: $4.92Exp: 2025-06-29→ Common stock (25,000 underlying)
Footnotes (3)
- [F1]All 25,000 options are exercisable.
- [F2]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 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.
- [F3]The options vest and become exercisable in equal installments on an annual basis over a four-year period commencing on July 25, 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
Related Parties
1- filerCIK 0001322035
Filing Metadata
- Form type
- 4
- Filed
- Sep 20, 8:00 PM ET
- Accepted
- Sep 21, 5:18 PM ET
- Size
- 8.3 KB