Eric J. Guerin - 06 Jul 2022 Form 4 Insider Report for CDK Global, Inc.

Role: EVP & Chief Financial Officer
Signature: /s/ Lee J. Brunz, Power of Attorney
Issuer symbol: N/A
Transactions as of: 06 Jul 2022
Net transactions value: $0
Form type: 4
Filing time: 06 Jul 2022, 19:23:45 UTC
Previous filing: 17 Jun 2022
Next filing: 21 Jul 2022
SEC: View on sec.gov

Key filing fact

Eric J. Guerin filed Form 4 for CDK Global, Inc. on 06 Jul 2022.

Key facts

This page summarizes Eric J. Guerin's Form 4 filing for CDK Global, Inc..
2 reported transactions and 0 derivative rows are listed below.
Filing timestamp: 06 Jul 2022, 19:23.

Change

Previous filing in this sequence was filed on 17 Jun 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

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

CDK transaction

Common Stock

Award

Transaction value
Shares: +37,489
Change %: +62%
Price
Shares after: 97,690
Date: 06 Jul 2022
Ownership: Direct
Footnotes: F1

CDK transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -97,690
Change %: -100%
Price
Shares after: 0
Date: 06 Jul 2022
Ownership: Direct
Footnotes: F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Eric J. Guerin 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, par value $0.01 per share (each, a "Share"), of CDK Global, Inc. (the "Company") that are subject to performance-based restricted stock units ("PSUs"). Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), among the Company, Central Parent LLC ("Parent") and Central Merger Sub Inc. ("Merger Sub"), on July 6, 2022 (the "Closing Date"), 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 PSU outstanding immediately prior to the consummation of the Merger became fully vested at the greater of the target and actual performance measured through the Closing Date (with the performance in respect of any fiscal year commencing after the 2022 fiscal year being at target performance), and was canceled and converted into the right to receive, for each Share subject to such then-vested PSU, $54.87 in cash without interest.
F2	Pursuant to the Merger Agreement, at the effective time of the Merger, each Share was canceled and converted into the right to receive $54.87 in cash without interest.

Content

Represents shares of common stock, par value $0.01 per share (each, a "Share"), of CDK Global, Inc. (the "Company") that are subject to performance-based restricted stock units ("PSUs"). Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), among the Company, Central Parent LLC ("Parent") and Central Merger Sub Inc. ("Merger Sub"), on July 6, 2022 (the "Closing Date"), 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 PSU outstanding immediately prior to the consummation of the Merger became fully vested at the greater of the target and actual performance measured through the Closing Date (with the performance in respect of any fiscal year commencing after the 2022 fiscal year being at target performance), and was canceled and converted into the right to receive, for each Share subject to such then-vested PSU, $54.87 in cash without interest.

Pursuant to the Merger Agreement, at the effective time of the Merger, each Share was canceled and converted into the right to receive $54.87 in cash without interest.