| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PRFT | Common Stock | Disposed to Issuer | -$16M | -210K | -100% | $76.00 | 0 | Oct 2, 2024 | Direct | F1, F2 |
| transaction | PRFT | Common Stock | Disposed to Issuer | -$259K | -3.41K | -100% | $76.00 | 0 | Oct 2, 2024 | By 401(k) plan | F1, F3 |
Jeffrey Davis is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Pursuant to that certain Agreement and Plan of Merger (the Merger Agreement), dated May 5, 2024, by and among the Issuer, Plano HoldCo, Inc. (Parent) and Plano BidCo, Inc., a wholly owned subsidiary of Parent (Merger Sub), Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Parent (the Merger). At the effective time of the Merger (the Effective Time), each share of common stock of the Issuer that was issued and outstanding immediately prior to the Effective Time (other than certain excluded shares) was automatically cancelled and converted into the right to receive $76.00 per share in cash, without interest (the Merger Consideration). |
| F2 | The shares of common stock of the Issuer reported as disposed by the Reporting Person include 80,998 shares of restricted stock (Restricted Shares) of the Issuer which, pursuant to the Merger Agreement, were, at the Effective Time, automatically cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (a) the Merger Consideration and (b) the number of shares of common stock of the Issuer subject to such Restricted Shares, as applicable, as of immediately prior to the Effective Time. |
| F3 | Due to an administrative error, the Form 4 of the Reporting Person filed on February 22, 2024 incorrectly reported that the Reporting Person held 3,994 shares of common stock of the Issuer in the company 401(K) plan. This Form 4 accurately reports the indirect holdings of the Reporting Person in the company 401(K) plan as 3,387 as of the original filing date on February 22, 2024. Balance increased by 22 shares from 2/15/2024 to 10/02/2024 due to company 401(K) matching program. |