Ossie Edward 4
4 · Majesco · Filed Sep 21, 2020
Insider Transaction Report
Form 4
MajescoMJCO
Ossie Edward
Chief Operating Officer
Transactions
- Disposition to Issuer
Common stock
2020-09-21−3,788→ 0 total(indirect: See Footnote) - Disposition to Issuer
Stock option (right to purchase)
2020-09-21−83,333→ 0 totalExercise: $4.92Exp: 2025-06-29→ Common stock (83,333 underlying) - Disposition to Issuer
Common stock
2020-09-21−2,992→ 0 total(indirect: See Footnote) - Disposition to Issuer
Common stock
2020-09-21−1,166→ 0 total(indirect: See Footnote) - Disposition to Issuer
Stock option (right to purchase)
2020-09-21−10,000→ 0 totalExercise: $5.18Exp: 2026-06-03→ Common stock (10,000 underlying) - Disposition to Issuer
Common stock
2020-09-21−7,988→ 0 total - Disposition to Issuer
Stock option (right to purchase)
2020-09-21−15,000→ 0 totalExercise: $5.75Exp: 2027-01-23→ Common stock (15,000 underlying) - Disposition to Issuer
Stock option (right to purchase)
2020-09-21−20,000→ 0 totalExercise: $4.87Exp: 2027-07-25→ Common stock (20,000 underlying)
Footnotes (9)
- [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]Owned by the IRA held for the benefit of Edward J. Ossie.
- [F3]Owned by the Edward J. Ossie Trust.
- [F4]Owned by the Gail M. Ossie Trust.
- [F5]All 83,333 options are exercisable.
- [F6]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.
- [F7]All 10,000 options are exercisable.
- [F8]The options vest and become exercisable in equal installments on an annual basis over a 4-year period commencing on January 23, 2017. Upon the Effective Date of the merger, the vesting of all unvested options was accelerated such that all unvested options became immediately exercisable.
- [F9]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.