John Roland Clem - Oct 5, 2021 Form 4 Insider Report for STAMPS.COM INC (STMP)

Role
Chief Product & Strategy Offic
Signature
/s/ Matthew A. Lipson, Attorney in Fact
Stock symbol
STMP
Transactions as of
Oct 5, 2021
Transactions value $
-$10,586,864
Form type
4
Date filed
10/7/2021, 02:10 PM
Previous filing
Sep 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STMP Common Stock Disposed to Issuer -$292K -884 -100% $330.00 0 Oct 5, 2021 Direct 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 STMP Stock option (right to buy) Disposed to Issuer -$389K -1.78K -100% $218.00 0 Oct 5, 2021 Common Stock 1.78K $112.00 Direct F1, F2
transaction STMP Stock option (right to buy) Disposed to Issuer -$9.91M -33.6K -100% $294.96 0 Oct 5, 2021 Common Stock 33.6K $35.04 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities were disposed of in connection with the acquisition of the Issuer by an affiliate of Thoma Bravo LP (the "Merger").
F2 This option, which had previously fully vested, was canceled in the Merger in exchange for a cash payment of $388,912, representing the difference between the exercise price of the options and the market value of the underlying Stamps.com common stock at the effective time of the Merger ($330 per share).
F3 This option, which provided for vesting of approximately one-third of the shares on June 3, 2020, and, with respect to the remaining two-thirds of the shares, in 24 approximately equal monthly installments thereafter, was canceled in the Merger in exchange for a cash payment of $9,906,231.60, representing the difference between the exercise price of the options and the market value of the underlying Stamps.com common stock at the effective time of the Merger ($330 per share).