4//SEC Filing
AIN ARON J 4
Accession 0000899243-22-019227
CIK 0001644675other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 4:57 PM ET
Size
9.4 KB
Accession
0000899243-22-019227
Insider Transaction Report
Form 4
Mimecast LtdMIME
AIN ARON J
Director
Transactions
- Disposition to Issuer
Restricted Share Units
2022-05-19−3,930→ 0 total - Disposition to Issuer
Ordinary Shares
2022-05-19−21,130→ 0 total - Disposition to Issuer
Restricted Share Units
2022-05-19−2,742→ 0 total
Footnotes (5)
- [F1]In connection with the effective time (the "Effective Time") of the court-sanctioned scheme of arrangement contemplated by that certain Transaction Agreement between Magnesium Bidco Limited ("Magnesium Bidco"), an affiliate of Permira Advisers LLC ("Permira"), and Mimecast Limited ("Issuer"), dated December 7, 2021 (the "Transaction Agreement") and the election by the Reporting Person to participate in the equity of Permira or its affiliates following the Effective Time, the Reporting Person exchanged the legal and beneficial ownership of each ordinary share of Issuer held by the Reporting Person for shares of Magnesium Topco Limited, an affiliate of Permira, prior to the Effective Time.
- [F2]Each restricted share unit ("RSU") represents a contingent right to receive one Issuer ordinary share.
- [F3]At the Effective Time, each RSU that was vested and outstanding as of immediately prior to the Effective Time ("Vested RSU") was canceled and converted into the right to receive an amount in cash equal to $80.00 multiplied by the aggregate number of shares subject to such Vested RSU, subject to required withholding taxes.
- [F4]These RSUs were granted on October 3, 2019 and vested in full on the one year anniversary of the date of grant.
- [F5]These RSUs were granted on October 6, 2021 and vest in full on the one year anniversary of the date of grant.
Documents
Issuer
Mimecast Ltd
CIK 0001644675
Entity typeother
Related Parties
1- filerCIK 0001193623
Filing Metadata
- Form type
- 4
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 4:57 PM ET
- Size
- 9.4 KB