4//SEC Filing
Forkner Matthew 4
Accession 0001738474-21-000012
CIK 0001725579other
Filed
Apr 7, 8:00 PM ET
Accepted
Apr 8, 9:16 PM ET
Size
9.7 KB
Accession
0001738474-21-000012
Insider Transaction Report
Form 4
Forkner Matthew
Chief Legal Officer, Secretary
Transactions
- Disposition from Tender
Class A Common Stock
2021-04-06$22.50/sh−16,774$377,415→ 170,918 total - Disposition from Tender
Class A Common Stock
2021-04-06−128,433→ 42,485 total - Disposition from Tender
Class A Common Stock
2021-04-06−42,485→ 0 total
Footnotes (4)
- [F1]Disposed of pursuant to the cash tender offer (the "Offer") made pursuant to that certain Amended and Restated Agreement and Plan of Merger, dated March 7, 2021, by and among Lake Holdings, LP, Lake Guarantor, LLC, Lake Merger Sub I, Inc., Lake Merger Sub II, LLC, Pluralsight, Inc., and Pluralsight Holdings, LLC ("Holdings"), a copy of which is filed as Exhibit 2.1 to the Issuer's Form 8-K filed with the SEC on March 8, 2021. In connection with the Offer, the Reporting Person tendered in the Offer all of such Reporting Person's Class A Common Stock.
- [F2]Includes 1,664 shares acquired by the Reporting Person under the Issuer's 2018 Employee Stock Purchase Plan. These shares were inadvertently excluded from his initial Form 3 filed with the Securities and Exchange Commission on February 13, 2020 and subsequent forms.
- [F3]Includes 28,627 unvested restricted share units ("RSUs") acquired by the Reporting Person under the February 9, 2021 annual executive equity award, pursuant to which two-thirds vest after one year, and the remaining shares vest in two equal quarterly installments thereafter, and the balance of 99,806 unvested RSUs vesting quarterly through January 1, 2024. All unvested RSUs are subject to the Reporting Person's continued service through each vesting date. In connection with the Offer, the unvested RSUs were cancelled and converted into the contingent right to receive a cash payment of $2,889,743, which represents $22.50 for each outstanding unvested unit, which will vest and be payable at the same time as the unvested RSUs for which such cash amount was exchanged would have vested pursuant to its terms.
- [F4]Includes 42,485 shares of unvested RSUs awarded upon the achievement of certain performance metrics that will vest annually, in two equal installments, through January 1, 2023. In connection with the Offer, the unvested RSUs were cancelled and converted into the contingent right to receive a cash payment of $955,913, which represents $22.50 for each outstanding unvested unit, which will vest and be payable at the same time as the unvested RSUs for which such cash amount was exchanged would have vested pursuant to its terms.
Documents
Issuer
Pluralsight, Inc.
CIK 0001725579
Entity typeother
Related Parties
1- filerCIK 0001738474
Filing Metadata
- Form type
- 4
- Filed
- Apr 7, 8:00 PM ET
- Accepted
- Apr 8, 9:16 PM ET
- Size
- 9.7 KB