4//SEC Filing
XOOM Corp 4
Accession 0001209191-15-080127
CIK 0001315657operating
Filed
Nov 12, 7:00 PM ET
Accepted
Nov 13, 8:02 PM ET
Size
21.2 KB
Accession
0001209191-15-080127
Insider Transaction Report
Form 4
XOOM CorpXOOM
King Julian
Senior Vice President
Transactions
- Disposition to Issuer
Common Stock
2015-11-12$25.00/sh−16,656$416,400→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2015-11-12−5,657→ 0 totalExercise: $1.00Exp: 2018-04-24→ Common Stock (5,657 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-11-12−147,500→ 0 totalExercise: $4.48Exp: 2020-04-20→ Common Stock (147,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-11-12−140,000→ 0 totalExercise: $6.84Exp: 2022-03-15→ Common Stock (140,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-11-12−200,000→ 0 totalExercise: $26.52Exp: 2024-01-16→ Common Stock (200,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-11-12−90,000→ 0 totalExercise: $15.71Exp: 2025-02-09→ Common Stock (90,000 underlying) - Disposition to Issuer
Performance Stock Units
2015-11-12−36,900→ 0 totalExercise: $0.00→ Common Stock (36,900 underlying)
Footnotes (7)
- [F1]Disposed of pursuant to a merger agreement between the Issuer, PayPal, Inc., Timer Acquisition Corp., and PayPal Holdings, Inc., dated July 1, 2015 (the "Merger Agreement") in exchange for a cash payment of $25.00 per share, without interest and less applicable withholding taxes.
- [F2]This option, which provided for vesting in installments from April 24, 2008 to April 24, 2012 at 1/48th monthly with a one-year cliff, was cancelled, terminated and extinguished pursuant to the Merger Agreement in exchange for a cash payment in the amount by which the per share merger price of $25.00 exceeded the exercise price of the option as of the effective time of the merger, without interest and less applicable withholding taxes.
- [F3]This option, which provided for vesting in installments from April 20, 2010 to April 20, 2015 at 1/60th monthly with a one-year cliff, was cancelled, terminated and extinguished pursuant to the Merger Agreement in exchange for a cash payment in the amount by which the per share merger price of $25.00 exceeded the exercise price of the option as of the effective time of the merger, without interest and less applicable withholding taxes.
- [F4]This option, which provided for immediate exercisability as of the grant date with vesting in five annual installments from March 15, 2012, was cancelled pursuant to the Merger Agreement. The vested portion of the option for 84,000 shares was cancelled, terminated and extinguished in exchange for a cash payment in the amount by which the per share merger price of $25.00 exceeded the exercise price of the option as of the effective time of the merger, without interest and less applicable withholding taxes. The unvested portion of the option for 56,000 shares was cancelled, terminated and converted into an option to purchase 38,117 shares of PayPal Holdings, Inc. common stock at $10.05 per share.
- [F5]This option, which provided for vesting in forty-eight monthly installments from January 16, 2014, was cancelled, terminated and extinguished for no consideration pursuant to the Merger Agreement because the exercise price of such option exceeded the per share merger price of $25.00.
- [F6]This option, which provided for vesting in forty-eight monthly installments from January 29, 2015, was cancelled pursuant to the Merger Agreement. The vested portion of the option for 16,874 shares was cancelled, terminated and extinguished in exchange for a cash payment in the amount by which the per share merger price of $25.00 exceeded the exercise price of the option as of the effective time of the merger, without interest and less applicable withholding taxes. The unvested portion of the option for 73,126 shares was cancelled, terminated and converted into an option to purchase 49,774 shares of PayPal Holdings, Inc. common stock at $23.09 per share.
- [F7]This grant of performance stock units, which provided for vesting in three annual installments after January 29, 2015 subject to certain performance-based milestones, was assumed by PayPal Holdings, Inc. pursuant to the Merger Agreement. The grant was converted to a grant of restricted stock units that converted to 25,115 shares of PayPal Holdings, Inc. common stock with continued time-based vesting requirements.
Documents
Issuer
XOOM Corp
CIK 0001315657
Entity typeoperating
Related Parties
1- filerCIK 0001315657
Filing Metadata
- Form type
- 4
- Filed
- Nov 12, 7:00 PM ET
- Accepted
- Nov 13, 8:02 PM ET
- Size
- 21.2 KB