Jeffrey C. Smith - Mar 23, 2022 Form 4 Insider Report for Cyxtera Technologies, Inc. (CYXTQ)

Role
Director, 10%+ Owner
Signature
/s/ Jeffrey C. Smith
Stock symbol
CYXTQ
Transactions as of
Mar 23, 2022
Transactions value $
$0
Form type
4
Date filed
3/25/2022, 05:28 PM
Previous filing
Feb 23, 2022
Next filing
May 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CYXTQ Class A Common Stock 20.8M Mar 23, 2022 By Starboard Value LP F1

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 CYXTQ Restricted Stock Unit Award $0 +6.51K +198.9% $0.00 9.78K Mar 23, 2022 Class A Common Stock 9.78K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Starboard Value LP ("Starboard") serves as the investment manager or manager of certain managed accounts and private investment funds (collectively, the "Starboard Accounts"), which hold the securities reported herein and as such may be deemed to beneficially own such securities. The Reporting Person, as a Managing Member of Starboard, may be deemed to beneficially own the securities directly held by the Starboard Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A common stock.
F3 The RSUs vest on March 23, 2023.

Remarks:

The Reporting Person also owns a partial pecuniary interest in SVAC Sponsor LLC through his interest in the Starboard Accounts.