4//SEC Filing
Madden Daniel 4
Accession 0001632176-19-000002
CIK 0001122388other
Filed
Apr 16, 8:00 PM ET
Accepted
Apr 17, 7:49 PM ET
Size
7.8 KB
Accession
0001632176-19-000002
Insider Transaction Report
Form 4
ELLIE MAE INCELLI
Madden Dan
EVP, Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2019-04-17$99.00/sh−13,679$1,354,221→ 0 total - Disposition to Issuer
Common Stock
2019-04-17$99.00/sh−27,357$2,708,343→ 13,679 total
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated February 11, 2019, by and among Ellie Mae, Inc., a Delaware corporation ("Issuer"), EM Eagle Purchaser, LLC, a Delaware limited liability company ("Parent") and EM Eagle Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), on April 17, 2019, Merger Sub merged with and into Issuer (the "Merger"), with Issuer continuing as the surviving corporation and a wholly owned subsidiary of Parent.
- [F2]Pursuant to the terms of the Merger Agreement, at the effective time of the Merger ("Effective Time"), each unvested restricted stock unit award was cancelled and replaced with the right to receive a cash amount equal to (i) the aggregate number of shares subject to the unvested restricted stock unit award multiplied by (ii) $99.00, subject to applicable withholding taxes, which amount will, subject to the Reporting Person's continued service with Parent and its affiliates (including Issuer and its subsidiaries) through the applicable vesting dates, vest and be payable at the same time as the corresponding, cancelled unvested restricted stock unit award would have vested and will generally have the same terms as the corresponding, cancelled unvested restricted stock unit award.
- [F3]Pursuant to the Merger Agreement, at the Effective Time, each restricted stock unit award that was still subject to performance-based vesting became vested with respect to a number of shares subject to such award calculated in accordance with the award's existing terms and all outstanding restricted stock unit award was cancelled and converted into the right to receive $99.00 in cash in respect of each vested share subject to such award, subject to any applicable withholding taxes.
Documents
Issuer
ELLIE MAE INC
CIK 0001122388
Entity typeother
Related Parties
1- filerCIK 0001632176
Filing Metadata
- Form type
- 4
- Filed
- Apr 16, 8:00 PM ET
- Accepted
- Apr 17, 7:49 PM ET
- Size
- 7.8 KB