Dungan Jefferson 4
4 · Snap One Holdings Corp. · Filed Jun 14, 2024
Insider Transaction Report
Form 4
Dungan Jefferson
Chief Operations Officer
Transactions
- Disposition to Issuer
Common Stock
2024-06-14$10.75/sh−90,199$969,639→ 110,271 total - Disposition to Issuer
Common Stock
2024-06-14−110,271→ 0 total - Award
Common Stock
2024-06-14+94,984→ 94,984 total - Disposition to Issuer
Common Stock
2024-06-14−94,984→ 0 total - Disposition to Issuer
Common Stock
2024-06-14$10.75/sh−10,000$107,500→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Common Stock
2024-06-14$10.75/sh−234$2,516→ 0 total(indirect: By Spouse)
Footnotes (4)
- [F1]On June 14, 2024, Resideo Technologies, Inc. ("Resideo") acquired the Issuer pursuant to an Agreement and Plan of Merger, dated as of April 14, 2024 (the "Merger Agreement"), by and among the Issuer, Resideo and Pop Acquisition Inc., a Delaware corporation and a wholly owned subsidiary of Resideo ("Merger Sub"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger as a wholly owned subsidiary of Resideo. At the Effective Time (as defined in the Merger Agreement), each issued and outstanding share of Issuer common stock, par value $0.01 per share (the "Common Stock") (other than certain Excluded Shares (as defined in the Merger Agreement)) automatically converted into the right to receive $10.75 per share in cash, without interest and less any applicable withholding taxes (the "Merger Consideration"). Any stock options held by the reporting person, if any, were cancelled in the Merger.
- [F2]Includes restricted stock previously subject to forfeiture upon a termination of the Reporting Person's employment.
- [F3]Represents unvested restricted stock units ("RSUs") which, in accordance with the Merger Agreement and in connection with the Merger were converted into RSUs of Resideo that will vest on the same time-based schedule as the prior awards.
- [F4]Represents unvested performance-based restricted stock units ("PSUs") which, in accordance with the Merger Agreement and in connection with the Merger, were deemed earned at target and converted into RSUs of Resideo which will vest on the same time-based schedule as the prior awards.