Jimmy C. Duan - Oct 29, 2021 Form 4 Insider Report for Medallia, Inc. (MDLA)

Role
Chief Customer Officer and EVP
Signature
/s/ Roxanne Oulman, by power of attorney
Stock symbol
MDLA
Transactions as of
Oct 29, 2021
Transactions value $
$0
Form type
4
Date filed
11/2/2021, 07:26 PM
Previous filing
Sep 16, 2021
Next filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDLA Common Stock Disposed to Issuer -96.4K -37.45% 161K Oct 29, 2021 Direct F1, F2
transaction MDLA Common Stock Award $0 +132K +81.94% $0.00 293K Oct 29, 2021 Direct F3
transaction MDLA Common Stock Disposed to Issuer -293K -100% 0 Oct 29, 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jimmy C. Duan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger between the Issuer, Project Metal Parent, LLC and Project Metal Merger Sub, Inc. dated July 25, 2021, each share of issued and outstanding Issuer common stock was cancelled and converted into the right to receive $34.00 in cash.
F2 The shares are represented by restricted stock units, or RSUs.
F3 Immediately prior to the effective time of the merger, certain RSUs subject to the achievement of performance-based criteria were deemed achieved and vest as follows: (i) 100,000 RSUs vest on March 15, 2023 and (ii) 31,905 RSUs vest on April 15, 2024.
F4 At the effective time of the merger, the RSUs were cancelled and converted into a right to receive $34.00 in cash for each outstanding unit which will vest and be payable at the same time as the unvested RSUs for which such cash amount was exchanged would have vested pursuant to its terms.