Key facts
- This page summarizes Robert Schechter's Form 4 filing for Mimecast Ltd.
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 23 May 2022, 17:01.
Robert Schechter - 19 May 2022 Form 4 Insider Report for Mimecast Ltd
- Form type
- 4
- Accepted by SEC
- 23 May 2022, 17:01:58 UTC
- Previous filing
- 04 Apr 2022
- Next filing
- 17 Feb 2023
- SEC filing
- View on sec.gov
- Reporting owner signature
- /s/ Robert P. Nault, Attorney-in-Fact
SEC evidence
5 source fields
Reporting owner
1 detail
Key filing fact
Robert Schechter filed Form 4 for Mimecast Ltd on 23 May 2022.
Change
- Previous filing in this sequence was filed on 04 Apr 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MIME
transaction
Ordinary Shares
Disposed to Issuer
- Transaction value
- Shares
- -12,214
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 19 May 2022
- Ownership
- Direct
- Footnotes
- F1
MIME
transaction
Restricted Share Units
Disposed to Issuer
- Transaction value
- Shares
- -2,742
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 19 May 2022
- Ownership
- Direct
- Footnotes
- F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Robert Schechter is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
Pursuant to the terms of that certain Transaction Agreement between Magnesium Bidco Limited ("Magnesium Bidco") and Mimecast Limited ("Issuer"), dated December 7, 2021 (the "Transaction Agreement"), Magnesium Bidco agreed to acquire all of the issued and to be issued ordinary shares of Issuer for $80.00 per ordinary share by means of a court-sanctioned scheme of arrangement (the "Scheme"). At the effective time of the Scheme on May 19, 2022 (the "Effective Time"), each ordinary share then outstanding was automatically transferred from Issuer's shareholders to Magnesium Bidco in accordance with the Scheme and the Transaction Agreement, and Issuer's shareholders ceased to have any rights with respect to the Issuer ordinary shares, except their rights under the Scheme, including their right to receive $80.00 per ordinary share, subject to required withholding taxes.
Footnote F2
Each restricted share unit ("RSU") represents a contingent right to receive one Issuer ordinary share.
Footnote 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.
Footnote F4
These RSUs were granted on October 6, 2021 and vest in full on the one year anniversary of the date of grant.