Aron J. Ain - May 19, 2022 Form 4 Insider Report for Mimecast Ltd (MIME)

Role
Director
Signature
/s/ Robert P. Nault, Attorney-in-Fact
Stock symbol
MIME
Transactions as of
May 19, 2022
Transactions value $
$0
Form type
4
Date filed
5/23/2022, 04:57 PM
Previous filing
Oct 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MIME Ordinary Shares Disposed to Issuer -21.1K -100% 0 May 19, 2022 Direct F1
transaction MIME Restricted Share Units Disposed to Issuer -3.93K -100% 0 May 19, 2022 Direct F2, F3, F4
transaction MIME Restricted Share Units Disposed to Issuer -2.74K -100% 0 May 19, 2022 Direct F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Aron J. Ain is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the effective time (the "Effective Time") of the court-sanctioned scheme of arrangement contemplated by that certain Transaction Agreement between Magnesium Bidco Limited ("Magnesium Bidco"), an affiliate of Permira Advisers LLC ("Permira"), and Mimecast Limited ("Issuer"), dated December 7, 2021 (the "Transaction Agreement") and the election by the Reporting Person to participate in the equity of Permira or its affiliates following the Effective Time, the Reporting Person exchanged the legal and beneficial ownership of each ordinary share of Issuer held by the Reporting Person for shares of Magnesium Topco Limited, an affiliate of Permira, prior to the Effective Time.
F2 Each restricted share unit ("RSU") represents a contingent right to receive one Issuer ordinary share.
F3 At the Effective Time, each RSU that was vested and outstanding as of immediately prior to the Effective Time ("Vested RSU") was canceled and converted into the right to receive an amount in cash equal to $80.00 multiplied by the aggregate number of shares subject to such Vested RSU, subject to required withholding taxes.
F4 These RSUs were granted on October 3, 2019 and vested in full on the one year anniversary of the date of grant.
F5 These RSUs were granted on October 6, 2021 and vest in full on the one year anniversary of the date of grant.