Michal Katz - 04 Mar 2022 Form 4 Insider Report for Nuance Communications, Inc. (NUAN)

Role
Director
Signature
By: /s/ Justine Bensussen For: Michal Katz
Issuer symbol
NUAN
Transactions as of
04 Mar 2022
Transactions value $
$0
Form type
4
Filing time
04 Mar 2022, 16:21:14
Previous filing
11 Feb 2022
Next filing
16 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NUAN Common Stock Disposed to Issuer -4.52K -7.79% 53.5K 04 Mar 2022 Direct F1
transaction NUAN Common Stock Disposed to Issuer -53.5K -100% 0 04 Mar 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michal Katz is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of common stock (each, a Company Share), par value $0.001 per share, of Nuance Communications, Inc. (the Company) underlying restricted stock units (Company RSUs). Pursuant to the Agreement and Plan of Merger, dated as of April 11, 2021, by and among the Company, Microsoft Corporation and Big Sky Merger Sub Inc. (Merger Sub), each outstanding Company RSU award was canceled and converted into the right to receive an amount in cash, without interest and less any applicable tax withholdings, equal to the product of (i) $56.00 multiplied by (ii) the number of Company Shares underlying the Company RSU award.
F2 On March 4, 2022, pursuant to the Merger Agreement, Merger Sub merged with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Parent (the Merger), and each Company Share issued and outstanding at the effective time of the Merger was converted into the right to receive $56.00 in cash without interest.