4//SEC Filing
Sengupta Mallinath 4
Accession 0001213900-20-027640
CIK 0001626853other
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 5:36 PM ET
Size
6.2 KB
Accession
0001213900-20-027640
Insider Transaction Report
Form 4
MajescoMJCO
Sengupta Mallinath
Executive Vice President
Transactions
- Disposition to Issuer
Stock option (right to purchase)
2020-09-21−80,000→ 0 totalExercise: $5.64Exp: 2028-01-30→ Common stock (80,000 underlying)
Footnotes (2)
- [F1]The options become exercisable in equal installments on an annual basis over a four-year period commencing on January 30, 2018. Upon the Effective Date (as defined below) of the merger, the vesting of all unvested options was accelerated such that all unvested options became immediately 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.
Documents
Issuer
Majesco
CIK 0001626853
Entity typeother
Related Parties
1- filerCIK 0001720649
Filing Metadata
- Form type
- 4
- Filed
- Sep 20, 8:00 PM ET
- Accepted
- Sep 21, 5:36 PM ET
- Size
- 6.2 KB