John J. Holland - Jul 25, 2022 Form 4 Insider Report for Cornerstone Building Brands, Inc. (CNR)

Role
Director
Signature
/s/ Peter Talosig (by power of attorney)
Stock symbol
CNR
Transactions as of
Jul 25, 2022
Transactions value $
-$2,198,413
Form type
4
Date filed
7/26/2022, 09:31 PM
Previous filing
Dec 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNR Common Stock, $0.01 par value Disposed to Issuer -$1.93M -78.4K -100% $24.65 0 Jul 25, 2022 Direct F1, F2

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 CNR Option (Right to Buy) Disposed to Issuer -$23.1K -3.37K -100% $6.86 0 Jul 25, 2022 Common Stock, $0.01 par value 3.37K $17.79 Direct F3
transaction CNR Option (Right to Buy) Disposed to Issuer -$26.6K -3.51K -100% $7.58 0 Jul 25, 2022 Common Stock, $0.01 par value 3.51K $17.07 Direct F4
transaction CNR Option (Right to Buy) Disposed to Issuer -$170K -14.3K -100% $11.89 0 Jul 25, 2022 Common Stock, $0.01 par value 14.3K $12.76 Direct F5
transaction CNR Option (Right to Buy) Disposed to Issuer -$46.6K -5.21K -100% $8.95 0 Jul 25, 2022 Common Stock, $0.01 par value 5.21K $15.70 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John J. Holland is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of in connection with the transactions contemplated by the Agreement and Plan of Merger, dated as of March 5, 2022 (the "Merger Agreement"), by and among the Issuer, Camelot Return Intermediate Holdings, LLC ("Parent") and Camelot Return Merger Sub, Inc. ("Merger Sub"), pursuant to which Merger Sub was merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a subsidiary of Parent (the "Surviving Corporation").
F2 At the effective time of the Merger (the "Effective Time"), in accordance with the Merger Agreement, each share of Issuer common stock, par value $0.01 per share (a "Share") outstanding immediately prior to the Effective Time of the Merger (other than certain excluded shares), was converted into the right to receive cash in an amount equal to $24.65 in cash per Share (the "Merger Consideration"), without interest and subject to any required withholding taxes. As a result of the Merger, the reporting person no longer beneficially owns, directly or indirectly, any Shares.
F3 Pursuant to the Merger Agreement, at the Effective Time, each outstanding and vested stock option was cancelled and converted into the right to receive an amount in cash equal to the product of (x) the excess, if any, of the Merger Consideration over the exercise price per share of such stock option and (y) the number of Shares subject to such stock option. The stock option vested in four equal annual installments beginning on December 15, 2014.
F4 Pursuant to the Merger Agreement, at the Effective Time, each outstanding and vested stock option was cancelled and converted into the right to receive an amount in cash equal to the product of (x) the excess, if any, of the Merger Consideration over the exercise price per share of such stock option and (y) the number of Shares subject to such stock option. The stock option vested in four equal annual installments beginning on December 15, 2015.
F5 Pursuant to the Merger Agreement, at the Effective Time, each outstanding and vested stock option was cancelled and converted into the right to receive an amount in cash equal to the product of (x) the excess, if any, of the Merger Consideration over the exercise price per share of such stock option and (y) the number of Shares subject to such stock option. The stock option vested in full on December 15, 2016.
F6 Pursuant to the Merger Agreement, at the Effective Time, each outstanding and vested stock option was cancelled and converted into the right to receive an amount in cash equal to the product of (x) the excess, if any, of the Merger Consideration over the exercise price per share of such stock option and (y) the number of Shares subject to such stock option. The stock option vested in full on December 15, 2017.