Eugene Van Biert Jr. - Mar 30, 2023 Form 4 Insider Report for DUCK CREEK TECHNOLOGIES, INC. (DCT)

Role: Chief Operating Officer
Signature: /s/ Christopher R. Stone as Attorney-in-Fact
Stock symbol: DCT
Transactions as of: Mar 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/31/2023, 08:42 AM
Previous filing: Nov 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DCT	Common Stock, par value $0.01 per share	Disposed to Issuer		-280K	-100%		0	Mar 30, 2023	Direct	F1
transaction	DCT	Common Stock, par value $0.01 per share	Disposed to Issuer		-262K	-100%		0	Mar 30, 2023	Direct	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	DCT	Option	Disposed to Issuer		-77.8K	-100%		0	Mar 30, 2023	Common Stock, par value $0.01 per share	77.8K	$27.00	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Eugene Van Biert Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The shares were disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 8, 2023, by and among the Issuer, Disco Parent, LLC, a Delaware limited liability company, and Disco Merger Sub, Inc., a Delaware corporation, whereby, at the effective time of the merger contemplated therein (the "Effective Time"), all shares of Issuer common stock issued and outstanding immediately prior to the Effective time (other than certain excluded shares) were cancelled, extinguished and automatically converted into the right to receive $19.00 per share in cash, without interest.
F2	Reflects unvested awards of stock ("RSAs") held by the Reporting Person. Pursuant to the Merger Agreement, each unvested RSA that was outstanding immediately prior to the Effective Time was fully vested, cancelled and automatically converted into the right to receive an amount in cash equal to the product of (a) the aggregate number of shares subject to such unvested RSAs, multiplied by (b) $19.00, subject to any required withholding of taxes.
F3	Pursuant to the Merger Agreement, each option, whether vested or unvested, that was unexpired, unexercised, and outstanding as of immediately prior to the Effective Time was fully vested, cancelled and automatically converted into the right to receive an amount in cash equal to the product of (a) the aggregate number of shares subject to such option, multiplied by (b) the excess, if any, of $19.00 over the applicable per share exercise price under such option, subject to any required withholding of taxes. As the per share exercise price of each option exceeds $19.00, each option will be cancelled immediately upon the Effective Time without payment or consideration.
F4	These options were fully vested.