Arjun Aggarwal - Jun 15, 2021 Form 3 Insider Report for Convey Holding Parent, Inc. (CNVY)

Signature
/s/ Giovanni Castellanos, attorney-in-fact for Arjun Aggarwal
Stock symbol
CNVY
Transactions as of
Jun 15, 2021
Transactions value $
$0
Form type
3
Date filed
6/15/2021, 08:50 PM
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CNVY Common Stock, par value $0.01 per share ("Common Stock") 569K Jun 15, 2021 Direct

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
holding CNVY Stock Option (right to buy) Jun 15, 2021 Common Stock 461K $7.94 Direct F1
holding CNVY Stock Option (right to buy) Jun 15, 2021 Common Stock 17.9K $14.00 Direct F2
holding CNVY Restricted Stock Units Jun 15, 2021 Common Stock 44.6K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents (i) 230,304 time-vesting options and (ii) 230,304 performance-vesting options. Time-vesting options are subject to a five-year time-based vesting schedule, with 20% vesting on September 4, 2020 and the remainder vesting in 16 equal installments every three months thereafter. Performance-vesting options vest over a five-year performance period commencing in 2019, with 20% of the stock options eligible to vest each year of the performance period based on achievement of certain financial metrics.
F2 Represents 17,857 time-vesting options. Time-vesting options are subject to a four-year time-based vesting schedule, with 25% vesting on June 15, 2022, and the remainder vesting in 12 equal installments every three months thereafter, subject to Mr. Aggarwal's continued service with Convey Holding Parent, Inc. (the "Issuer") through the applicable vesting date.
F3 Represents 44,643 restricted stock units. Restricted stock units are subject to a four year time-based vesting schedule with 25% vesting on June 15, 2022, and the remainder vesting in 12 equal installments every three months thereafter, subject to Mr. Aggarwal's continued service with the Issuer through the applicable vesting date. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. The restricted stock units will be settled in common stock.

Remarks:

Exhibit 24 - Power of Attorney