Susan L. Adomite - Oct 2, 2024 Form 4 Insider Report for PERFICIENT INC (PRFT)

Signature
Susan L. Adomite
Stock symbol
PRFT
Transactions as of
Oct 2, 2024
Transactions value $
-$1,148,512
Form type
4
Date filed
10/4/2024, 05:33 PM
Previous filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRFT Common Stock Disposed to Issuer -$1.12M -14.7K -100% $76.00 0 Oct 2, 2024 Direct F1, F2
transaction PRFT Common Stock Disposed to Issuer -$31.1K -409 -100% $76.00 0 Oct 2, 2024 By 401(k) F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Susan L. Adomite is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

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 8,730 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 Balance increased by 15 shares from 06/19/2024 to 10/2/2024 due to company 401(K) matching program.