4//SEC Filing
HUDDLESTON ERIK 4
Accession 0000899243-20-002571
CIK 0001701040other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 5:17 PM ET
Size
10.7 KB
Accession
0000899243-20-002571
Insider Transaction Report
Form 4
CISION LTD.CISN
HUDDLESTON ERIK
President, Americas
Transactions
- Disposition to Issuer
Restricted Stock Units
2020-01-31−625,000→ 0 total→ Ordinary Shares (625,000 underlying) - Disposition to Issuer
Restricted Stock Units
2020-01-31−178,000→ 0 total→ Ordinary Shares (178,000 underlying) - Disposition to Issuer
Ordinary Shares
2020-01-31−377,819→ 0 total
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger (the "merger agreement"), dated as of October 22, 2019, by and among Cision Ltd. (the "Company"), Castle Acquisition Limited (f/k/a MJ23 UK Acquisition Limited, "Parent") and Castle Merger Limited ("Merger Sub"), pursuant to which Merger Sub merged with and into the Company, with the Company continuing as the surviving corporation as a wholly owned subsidiary of Parent (the "merger"). The Merger became effective on January 31, 2020 (the "Closing Date"). Pursuant to the merger, each Cision ordinary share issued and outstanding immediately prior to the effective time of the merger was cancelled and exchanged at the effective time of the merger into the right to receive merger consideration of $10.00 in cash.
- [F2]Represents unvested restricted stock units ("RSUs"). Pursuant to the merger agreement, each unvested RSU was cancelled and exchanged for a right to receive an amount in cash equal to $10.00, which consideration is not to be paid at the closing of the merger but instead vests and becomes payable at the same time as the unvested RSU for which such consideration amounts were exchanged would have vested pursuant to its terms. RSUs vest in the following increments: 20% on January 23, 2021, 20% on January 23, 2022 and 60% on January 23, 2023.
- [F3]Represents RSUs which vested by their terms upon the effectiveness of the merger. Pursuant to the merger agreement, such vested RSUs were cancelled and exchanged for the right to receive the merger consideration of $10.00 in cash.
Documents
Issuer
CISION LTD.
CIK 0001701040
Entity typeother
Related Parties
1- filerCIK 0001768649
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 5:17 PM ET
- Size
- 10.7 KB