Chantelle Breithaupt - May 23, 2022 Form 4 Insider Report for Aspen Technology, Inc. (AZPN)

Role
SVP, Chief Financial Officer
Signature
/s/F.G. Hammond, attorney-in-fact for Ms. Breithaupt
Stock symbol
AZPN
Transactions as of
May 23, 2022
Transactions value $
-$64,552
Form type
4
Date filed
5/25/2022, 07:04 PM
Previous filing
May 17, 2022
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction AZPN Common Stock Award +19.4 K +904.66% 21.6 K May 23, 2022 Direct F1, F2
transaction AZPN Common Stock Tax liability -$64.6 K -347 -1.61% $186.03 21.2 K May 23, 2022 Direct F3

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 AZPN Employee Stock Option (Right to Buy) Award +18.9 K 18.9 K May 23, 2022 Common Stock 18.9 K $167.03 Direct F1, F4
transaction AZPN Common Stock Option (Right to Buy) Award +19.5 K 19.5 K May 23, 2022 Common Stock 19.5 K $145.35 Direct F1, F5

Explanation of Responses:

Id Content
F1 Represents equity awards granted by Aspen Technology, Inc. (which subsequently changed its name to "AspenTech Corporation", "Former AspenTech") that have been converted into equity awards of Emersub CX, Inc. (which subsequently changed its name to "Aspen Technology Inc.", the "Issuer") pursuant to the terms of the Transaction Agreement and Plan of Merger, dated as of October 10, 2021, as amended, among Former AspenTech, the Issuer and certain other parties thereto (the "Transaction Agreement"), pursuant to which Former AspenTech merged with a wholly owned subsidiary of the Issuer and became a wholly owned subsidiary of the Issuer (the "Transaction"). The Transaction closed on May 16, 2022. Pursuant to the terms of the Transaction Agreement, the number of equity awards reported herein were determined on May 23, 2022, based on the five-day volume weighted average price of the Issuer's common stock following the closing of the Transaction.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of Issuer common stock.
F3 Shares withheld by Registrant to satisfy minimum statutory tax withholding requirements on vesting of Restricted Stock Units and distribution of stock.
F4 The option granted at the exercise price of $167.03 vests in 16 equal consecutive quarterly installments on the last business day of the quarter beginning with the quarter ending June 30, 2021.
F5 The option granted at the exercise price of $145.35 vests in 16 equal consecutive quarterly installments on the last business day of the quarter, beginning with the quarter ending September 30, 2021.