| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PYCR | Common Stock | Other | -$2.16B | -96.1M | -100% | $22.50 | 0 | 14 Apr 2025 | See Footnotes | F1, F2, F3 |
Pride Aggregator, LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Pursuant to the Agreement and Plan of Merger, dated as of January 7, 2025, by and among the Issuer, Paychex, Inc. ("Parent"), and Skyline Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly owned subsidiary of Parent. At the effective time of the Merger, each issued and outstanding share of the Issuer's common stock, par value $0.001 per share, owned by Pride Aggregator, LP ("Pride Aggregator") immediately prior to the Effective Time was automatically cancelled and converted into the right to receive $22.50 per share in cash, without interest. |
| F2 | Pride GP, Inc. ("Pride GP") is the general partner of Pride Aggregator. Apax IX GP Co. Limited ("Apax IX GP") is the sole shareholder of Pride GP. |
| F3 | Apax IX GP is the investment manager of the relevant investment vehicles in the fund known as Apax IX and is controlled by a board of directors consisting of Elizabeth Burne, Simon Cresswell, Andrew Guille, Martin Halusa, Jeremy Latham, and Paul Meader. The registered address for Apax IX is Third Floor Royal Bank Place, 1 Glategny Esplanade, St Peter Port, Guernsey GY1 2HJ. |