Terry Hicks - Sep 14, 2021 Form 4 Insider Report for McAfee Corp. (MCFE)

Role
Officer
Signature
/s/ Jared Ross, as Attorney-in-Fact
Stock symbol
MCFE
Transactions as of
Sep 14, 2021
Transactions value $
-$1,198,183
Form type
4
Date filed
9/16/2021, 06:01 PM
Previous filing
Aug 31, 2021
Next filing
Oct 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCFE Class A Common Stock Conversion of derivative security +42.6K +8.41% 548K Sep 14, 2021 Direct F1
transaction MCFE Class A Common Stock Sale -$1.2M -55.2K -10.06% $21.71 493K Sep 14, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MCFE Class A Unit and Class B Common Stock Conversion of derivative security -42.6K -67.91% 20.1K Sep 14, 2021 Class A Common Stock 42.6K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 14, 2021, the Reporting Person exchanged 42,556 class A units ("Common Units") of Foundation Technology Worldwide LLC and an equal number of shares of Class B common stock of the Issuer for Class A common stock of the Issuer on a one-for-one basis.
F2 Represents shares of Class A common stock sold by the Reporting Person in connection with the close of a secondary offering of the Issuer's Class A common stock.
F3 Represents Common Units and an equal number of Class B common stock. Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Foundation Technology Worldwide LLC, as amended, the Reporting Person may exchange all or a portion of his Common Units (together with an equal number of shares of Class B common stock) for shares of Class A common stock on a one-for-one basis, subject to customary adjustments, or, at the option of the Issuer, cash (based on the then-market value of the Class A common stock).

Remarks:

Executive Vice President and General Manager, Consumer Business. Mr. Ross is signing on behalf of the Reporting Person pursuant to a Limited Power of Attorney dated October 21, 2020, which was previously filed with the Securities and Exchange Commission.