Hart David C 4
4 · Presidio, Inc. · Filed Dec 23, 2019
Insider Transaction Report
Form 4
Presidio, Inc.PSDO
Hart David C
See Remarks
Transactions
- Disposition to Issuer
Common Stock
2019-12-19$16.60/sh−151,718$2,518,519→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2019-12-19−162,000→ 162,000 totalExercise: $5.00Exp: 2025-03-11→ Common Stock (162,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2019-12-19−81,000→ 81,000 totalExercise: $5.00Exp: 2025-03-11→ Common Stock (81,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2019-12-19−81,000→ 0 totalExercise: $5.00Exp: 2025-03-11→ Common Stock (81,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2019-12-19−130,000→ 0 totalExercise: $14.00Exp: 2027-03-09→ Common Stock (130,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2019-12-19−150,000→ 0 totalExercise: $14.77Exp: 2028-08-13→ Common Stock (150,000 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 ("Parent") 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"). Pursuant to that certain Rollover Agreement by and between David C. Hart and Parent, dated as of December 19, 2019, Mr. Hart rolled over 90,362 shares of common stock for Class A-2 limited partnership units in Parent. The remaining 61,356 shares were converted into the right to receive $16.60.
- [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).