Lerner Steven J. 4
4 · Presidio, Inc. · Filed Dec 23, 2019
Insider Transaction Report
Form 4
Presidio, Inc.PSDO
Lerner Steven J.
Director
Transactions
- Disposition to Issuer
Common Stock
2019-12-19$16.60/sh−25,000$415,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2019-12-19−15,000→ 0 totalExercise: $14.00Exp: 2027-03-09→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]Pursuant to that certain Agreement and Plan of Merger, dated as of August 14, 2019, as amended on September 25, 2019 (the "Merger Agreement") by and among Presidio, Inc. ("Presidio"), BCEC Port Holdings (Delaware), LP and Port Merger Sub, Inc., each share of common stock of Presidio issued and outstanding at the effective time was converted into the right to receive $16.60 in cash, without interest (the "Merger Consideration").
- [F2]Pursuant to the Merger Agreement, each Presidio stock option outstanding immediately prior to the effective time, whether vested or unvested, was accelerated and canceled in exchange for the excess, if any, of the Merger Consideration, less the applicable option exercise price (and less any applicable tax withholdings).