4//SEC Filing
Bhamidipati Venkat 4
Accession 0000899243-22-009186
CIK 0001783317other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 6:08 PM ET
Size
10.1 KB
Accession
0000899243-22-009186
Insider Transaction Report
Form 4
McAfee Corp.MCFE
Bhamidipati Venkat
See Remarks
Transactions
- Conversion
Class A Common Stock
2022-03-01+443,404→ 1,580,826 total - Disposition to Issuer
Class A Common Stock
2022-03-01−1,580,826→ 0 total - Conversion
Management Incentive Units
2022-03-01−500,000→ 0 total→ Class A Common Stock (443,404 underlying)
Footnotes (3)
- [F1]On March 1, 2022, the Reporting Person exchanged 500,000 Management Incentive Units ("MIUs") of Foundation Technology Worldwide LLC for shares of Class A common stock ("Class A Shares") representing the "spread value" of such MIUs, as described in Footnote 3, pursuant to that certain Merger Agreement, dated November 5, 2021, between the Issuer, Condor BidCo, Inc. and Condor Merger Sub, Inc. (the "Merger Agreement").
- [F2]Certain of these securities are restricted stock units ("RSUs") that represent the Reporting Person's right to receive shares of Class A common stock of the Issuer. The RSUs and Class A Shares were cancelled pursuant to the Merger Agreement in exchange for a cash payment of $26.00 per share.
- [F3]Reflects MIUs, which are profits interests that are economically similar to stock-settled stock options. Vested MIUs are exchangeable, at the holder's election, for a number of Class A Shares equal in value to the "spread value" represented by the excess of the value of Class A Shares at the time of exchange above the "return threshold" associated with the MIUs, multiplied by the number of MIUs being exchanged. The number reflected in Table II reflects the number of MIUs held by the Reporting Person. The MIUs do not have an expiration date.
Documents
Issuer
McAfee Corp.
CIK 0001783317
Entity typeother
Related Parties
1- filerCIK 0001828919
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 6:08 PM ET
- Size
- 10.1 KB