Brent D. Lang - Feb 18, 2022 Form 4 Insider Report for VOCERA COMMUNICATIONS, INC. (VCRA)

Role
Chairman, President & CEO, Director
Signature
/s/ Douglas Carlen on behalf of Brent D. Lang
Stock symbol
VCRA
Transactions as of
Feb 18, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 04:52 PM
Previous filing
Dec 13, 2021
Next filing
Feb 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VCRA Common Stock Award $0 +254K +57.03% $0.00 700K Feb 18, 2022 By Lang Van Schaack Family Revocable Trust F1, F2
transaction VCRA Common Stock Disposed to Issuer -700K -100% 0 Feb 23, 2022 By Lang Van Schaack Family Revocable Trust 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 VCRA Stock Option (right to buy) Disposed to Issuer -3 -100% 0 Feb 23, 2022 Common Stock 3 $12.92 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Brent D. Lang is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents the number of shares that vested under (a) a performance stock unit award granted on June 1, 2020 and (b) a performance stock unit award granted on July 1, 2021.
F2 Includes 156 shares of Common Stock acquired under the Issuer's employee stock purchase plan on February 17, 2022.
F3 Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated January 6, 2022, by and among the Issuer, Stryker Corporation ("Stryker") and Voice Merger Sub Corp. ("Merger Sub"), the Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Stryker, effective as of February 23, 2022 (the "Effective Time"). Pursuant to the Merger Agreement, each share of the common stock was exchanged into the right to receive $79.25 in cash, without interest and less any applicable withholding taxes (the "Merger Consideration"), at the Effective Time.
F4 The stock option is fully vested and immediately exercisable.
F5 Pursuant to the Merger Agreement, the option was cancelled and converted at or immediately prior to the Effective Time into a cash payment equal to the product of (a) the aggregate number of underlying shares multiplied by (b) the excess of the Merger Consideration over the applicable per share exercise price of the option.