SunGard 4

Accession 0000899243-15-009159

CIK 0001337272operating

View on SEC.gov Company Profile

Filed

Dec 1, 7:00 PM ET

Accepted

Dec 2, 5:43 PM ET

Size

42.5 KB

Accession

0000899243-15-009159

Insider Transaction Report

Form 4

Period: 2015-11-30

SunGardNONE

Traquair Brian A

President, Capital Markets

Transactions

Disposition to Issuer
Performance-Based Appreciation Units
2015-11-30−340,115.098→ 0 total
Exercise: $15.96From: 2017-06-01Exp: 2017-06-01→ Units (340,115.098 underlying)
Disposition to Issuer
Performance-Based Restricted Stock Unit
2015-11-30−38,793.5→ 0 total
From: 2017-06-01Exp: 2017-06-01→ Units (38,793.5 underlying)
Disposition to Issuer
Class A-8 Common Stock
2015-11-30−90,230.333→ 0 total
Disposition to Issuer
Performance-Based Restricted Stock Unit
2015-11-30−7,531→ 0 total
From: 2017-06-01Exp: 2017-06-01→ Units (7,531 underlying)
Disposition to Issuer
Class L Common Stock
2015-11-30−10,025.593→ 0 total
→ Class A Common Stock (10,025.593 underlying)
Disposition to Issuer
Time-Based Restricted Stock Unit
2015-11-30−8,394.722→ 0 total
From: 2016-09-12Exp: 2016-09-12→ Units (8,394.722 underlying)
Disposition to Issuer
Time-Based Restricted Stock Unit
2015-11-30−20,370.449→ 0 total
From: 2017-06-01Exp: 2017-06-01→ Units (20,370.449 underlying)
Award
Performance-Based Restricted Stock Unit
2015-11-30+12,391→ 38,793 total
From: 2017-06-01Exp: 2017-06-01→ Units (12,391 underlying)
Disposition to Issuer
Performance-Based Restricted Stock Unit
2015-11-30−22,753→ 0 total
From: 2018-06-01Exp: 2018-06-01→ Units (22,753 underlying)
Disposition to Issuer
Time-Based Restricted Stock Unit
2015-11-30−20,978.439→ 0 total
From: 2016-06-01Exp: 2016-06-01→ Units (20,978.439 underlying)
Disposition to Issuer
Time-Based Restricted Stock Unit
2015-11-30−12,738→ 0 total
From: 2017-06-01Exp: 2017-06-01→ Units (12,738 underlying)
Disposition to Issuer
Performance-Based Restricted Stock Unit
2015-11-30−8,394.722→ 0 total
From: 2015-12-31Exp: 2016-09-12→ Units (8,394.722 underlying)
Disposition to Issuer
Time-Based Restricted Stock Unit
2015-11-30−11,377→ 0 total
From: 2018-06-01Exp: 2018-06-01→ Units (11,377 underlying)
Disposition to Issuer
Performance-Based Restricted Stock Unit
2015-11-30−5,327.999→ 0 total
From: 2013-12-31Exp: 2017-09-21→ Units (5,327.999 underlying)
Disposition to Issuer
Performance-Based Restricted Stock Unit
2015-11-30−20,978.439→ 0 total
From: 2016-06-01Exp: 2016-06-01→ Units (20,978.439 underlying)

Footnotes (18)

[F1]On November 30, 2015, Fidelity National Information Services, Inc. ("FIS") acquired SunGard pursuant to the Agreement and Plan of Merger, dated August 12, 2015, by and among FIS, SunGard and the other parties named therein (the "Merger Agreement"). Pursuant to the Merger Agreement, SunGard became a wholly-owned subsidiary of FIS (the "Merger"). At the effective time of the Merger, pursuant to the Merger Agreement, each share of Class A common stock of SunGard was cancelled for no consideration.
[F10]Pursuant to the Merger Agreement, at the effective time of the Merger, each vested Time RSU was converted into a right to receive Unit Merger Consideration and each unvested Time RSU was converted into approximately 0.3677 Converted RSUs. The Converted Time RSUs received have the same time-based vesting terms as the existing unvested awards disposed of in the Merger.
[F11]Represents Time RSUs, of which 6,715.7782 were vested as of the effective time of the Merger and 1,678.9440 were unvested as of the effective time of the Merger.
[F12]Represents Time RSUs, of which 10,185.2244 were vested as of the effective time of the Merger and 10,185.2244 were unvested as of the effective time of the Merger.
[F13]Represents Time RSUs, of which 4,246.0000 were vested as of the effective time of the Merger and 8,492.0000 were unvested as of the effective time of the Merger.
[F14]Performance-Based Restricted Stock Units ("Performance RSUs") award represented a right to receive Units upon satisfaction of performance-based vesting and time-based payout conditions.
[F15]In connection with the Merger, the Compensation Committee of SunGard, pursuant to its authority under the SunGard 2005 Management Incentive Plan, as Amended and Restated and the applicable grant agreements, determined that the Performance RSUs granted in 2014 would be earned at 150% of the grant amount based on an estimate of attainment of performance conditions in connection with the Merger, resulting in a right to receive additional Units upon vesting.
[F16]Represents the number of Units which were deemed earned based on the applicable performance criteria of the Performance RSU.
[F17]Pursuant to the applicable award agreement, the time-based payout condition of each earned Performance RSU accelerated at the effective time of the Merger, and pursuant to the Merger Agreement each such Performance RSU was converted into a right to receive Unit Merger Consideration
[F18]Pursuant to the Merger Agreement, at the effective time of the Merger, each unvested Performance RSU was converted into approximately 0.3677 Converted RSUs. The Converted RSUs received have the same time-based vesting terms as the existing unvested awards disposed of in the Merger.
[F2]Each share of Class L common stock was to automatically convert into one share of Class A-8 common stock, plus an additional number of shares based on the public offering price established in connection with an initial public offering of the Issuer's securities (i) immediately prior to an initial public offering of the Issuer, (ii) in connection with a realization event of the Issuer, upon the approval of certain investors, or (iii) in connection with the registration, under the Securities Act of 1933, of the Class A-8 common stock, unless certain investors determined otherwise.
[F3]Pursuant to the Merger Agreement, at the effective time of the Merger, each share of Class L Common Stock was converted into the right to receive approximately 0.7549 shares of FIS common stock and $60.14 in cash (the "Class L Merger Consideration").
[F4]Represents the base price of the award.
[F5]Each "Unit" consisted of 1.3 shares of Class A-8 common stock and 0.1444 shares of Class L common stock of SunGard and 0.038 shares of preferred stock of SunGard Capital Corp. II ("SCCII").
[F6]Pursuant to the applicable award agreement, at the effective time of the Merger, any vesting conditions applicable to outstanding appreciation units were accelerated in full, and pursuant to the Merger Agreement each appreciation unit was cancelled and was converted into the right to receive approximately 0.2043 shares of common stock of FIS and $10.78 in cash, based on the Class L Merger Consideration and the merger consideration payable in respect of the underlying shares of preferred stock of SCCII (the "Unit Merger Consideration") where such Unit Merger Consideration was reduced by an amount equal to the base price of the award, applied ratably to the share and cash portions of the Unit Merger Consideration.
[F7]Time-Based Restricted Stock Unit ("Time RSU") award represented a right to receive Units upon satisfaction of time-based vesting and payout conditions.
[F8]Pursuant to the Merger Agreement, at the effective time of the Merger, each unvested Time RSU was converted into approximately 0.3677 restricted stock units of FIS, where each restricted stock unit represents the right to receive one share of common stock of FIS upon vesting ("Converted RSUs"). The Converted RSUs received have the same time-based vesting terms as the existing unvested awards disposed of in the Merger.
[F9]Represents Time RSUs, of which 15,734.1078 were vested as of the effective time of the Merger and 5,244.3308 were unvested as of the effective time of the Merger.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

SunGard

CIK 0001337272

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001337272

Filing Metadata

Form type: 4
Filed: Dec 1, 7:00 PM ET
Accepted: Dec 2, 5:43 PM ET
Size: 42.5 KB

View on SEC.gov