4//SEC Filing
LIFELOCK, INC. 4
Accession 0001628280-17-001231
CIK 0001383871operating
Filed
Feb 12, 7:00 PM ET
Accepted
Feb 13, 5:58 PM ET
Size
10.3 KB
Accession
0001628280-17-001231
Insider Transaction Report
Form 4
LIFELOCK, INC.LOCK
COWAN DAVID J/CA
Director
Transactions
- Disposition to Issuer
COMMON STOCK
2017-02-09−578,802→ 13,275 total - Disposition to Issuer
COMMON STOCK
2017-02-09−13,275→ 0 total - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2017-02-09−47,000→ 0 totalExercise: $9.00Exp: 2022-10-02→ COMMON STOCK (47,000 underlying)
Footnotes (5)
- [F1]On November 20, 2016, LifeLock, Inc. (the "Issuer") entered into an Agreement and Plan of Merger (the "Merger Agreement"), as amended on January 16, 2017, with Symantec Corporation (the "Acquiror") and L1116 Merger Sub, Inc., a wholly-owned subsidiary of the Acquiror. Upon completion of the merger of the Issuer and L1116 Merger Sub, Inc.(the "Closing"), the Reporting Person's shares of the Issuer's Common Stock were cancelled and converted into the right to receive $24 in cash, without interest, (the "Merger Consideration").
- [F2]Common Stock cancelled and converted into the right to receive an amount in cash equal to the product of the aggregate number of shares of this Common Stock and the Merger Consideration. Includes 153,413 shares held by the Cowan Family Trust UDT dated 10-17-02 (the "Cowan Family Trust")and 389,303 shares held by David Cowan Partners II, a DE Multiple Series Limited Partnership (Series A) ("Cowan Partners").
- [F3]Continued from Footnote 2. Mr. Cowan and his spouse are the trustees of the Cowan Family Trust and the general partners of Cowan Partners. Mr. Cowan disclaims beneficial ownership of the securities held by the Cowan Family Trust and Cowan Partners and this report shall not be deemed admission that he is the beneficial owner of such securities, except to the extent of his pecuniary interest, in any, therein.
- [F4]Consists of 9,957 vested restricted stock units ("RSUs") deferred by the Reporting Person and 3,318 unvested RSUs. Upon Closing, all vested and unvested RSUs held by non-employee directors of the Issuer were cancelled and converted into the right to receive the Merger Consideration.
- [F5]Upon the Closing, vested options were cancelled and converted into the right to receive an amount of cash equal to the number of shares subject to the option multiplied by the difference between the Merger Consideration and the applicable option exercise price.
Documents
Issuer
LIFELOCK, INC.
CIK 0001383871
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001383871
Filing Metadata
- Form type
- 4
- Filed
- Feb 12, 7:00 PM ET
- Accepted
- Feb 13, 5:58 PM ET
- Size
- 10.3 KB