4//SEC Filing
McCord Jennifer 4
Accession 0001209191-23-029039
CIK 0001643269other
Filed
May 11, 8:00 PM ET
Accepted
May 12, 4:19 PM ET
Size
10.3 KB
Accession
0001209191-23-029039
Insider Transaction Report
Form 4
Sumo Logic, Inc.SUMO
McCord Jennifer
Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Stock
2023-05-12−189,874→ 0 total - Disposition to Issuer
Common Stock
2023-05-12−30,000→ 0 total(indirect: See footnote) - Disposition to Issuer
Stock Option (right to buy)
2023-05-12−90,000→ 0 totalExercise: $3.68Exp: 2029-02-25→ Common Stock (90,000 underlying)
Footnotes (4)
- [F1]Certain of these shares are represented by previously reported restricted stock units ("RSUs"). At the effective time of the merger (the "Effective Time") each issued and outstanding RSU was cancelled and converted into the right to receive an amount equal to $12.05 in cash (the "Per Share Price"), subject to the terms set forth in the Merger Agreement. Following the Effective Time, the cash payments relating to the unvested RSUs are subject to the Reporting Person's continued service with the Company through the applicable vesting dates that would have otherwise applied to the corresponding RSU.
- [F2]Pursuant to an Agreement and Plan of Merger (the "Merger Agreement") between Serrano Parent, Serrano Merger Sub, Inc., and Sumo Logic (the "Company"), each issued and outstanding share of the Company's common stock was cancelled and converted into the right to receive an amount in cash equal to the Per Share Price.
- [F3]These shares are held by the Jennifer R. and Robert T. McCord Living Trust, dated April 08, 2020, for which the Reporting Person and the Reporting Person's spouse serve as co-trustees.
- [F4]At the Effective Time, each issued and outstanding stock option was cancelled and converted into the right to receive an amount in cash equal to (x) the Per Share Price, over (y) the exercise price per share of such stock option, subject to the terms set forth in the Merger Agreement. Following the Effective Time, the cash payments relating to the unvested shares underlying the stock option are subject to the Reporting Person's continued service with the Company through the applicable vesting dates that would have otherwise applied to the corresponding stock option.
Documents
Issuer
Sumo Logic, Inc.
CIK 0001643269
Entity typeother
Related Parties
1- filerCIK 0001822742
Filing Metadata
- Form type
- 4
- Filed
- May 11, 8:00 PM ET
- Accepted
- May 12, 4:19 PM ET
- Size
- 10.3 KB