William L. Ballhaus - Aug 17, 2023 Form 4 Insider Report for MERCURY SYSTEMS INC (MRCY)

Role
President & CEO, Director
Signature
/s/ Michelle McCarthy, Attorney-in-Fact for William Ballhaus
Stock symbol
MRCY
Transactions as of
Aug 17, 2023
Transactions value $
$0
Form type
4
Date filed
8/21/2023, 07:20 PM
Previous filing
Oct 28, 2022
Next filing
Aug 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRCY Common Stock Award $0 +82K +640.49% $0.00 94.8K Aug 17, 2023 Direct F1
transaction MRCY Common Stock Award $0 +64.3K +67.75% $0.00 159K Aug 17, 2023 Direct F2
transaction MRCY Common Stock Award $0 +93K +58.44% $0.00 252K Aug 17, 2023 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 MRCY Employee Stock Option (Right to Buy) Award $0 +234K $0.00 234K Aug 17, 2023 Common Stock 234K $42.00 Direct
transaction MRCY Employee Stock Option (Right to Buy) Award $0 +234K $0.00 234K Aug 17, 2023 Common Stock 234K $43.00 Direct
transaction MRCY Employee Stock Option (Right to Buy) Award $0 +234K $0.00 234K Aug 17, 2023 Common Stock 234K $46.00 Direct
transaction MRCY Employee Stock Option (Right to Buy) Award $0 +234K $0.00 234K Aug 17, 2023 Common Stock 234K $49.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a matching award of restricted stock that will vest on August 17, 2026 contingent on the Reporting Person's purchase of at least $1.5 million in Mercury common stock on or prior to December 15, 2023 and on the Reporting Person maintaining his existing ownership in Mercury common stock (including these additional purchased shares) through August 17, 2026.
F2 These shares of restricted stock vest in equal annual increments over the three-year period following the grant date.
F3 These shares of performance-based restricted stock vest between 0% and 225% of the amount listed in the table depending on the achievement of performance objectives for the three fiscal years ending July 3, 2026.