Accenture plc - 30 Mar 2023 Form 4 Insider Report for DUCK CREEK TECHNOLOGIES, INC. (DCT)

Role
Director, Director by Deputization, 10%+ Owner
Signature
/s/ Danika Haueisen, Attorney-In-Fact for Accenture plc
Issuer symbol
DCT
Transactions as of
30 Mar 2023
Transactions value $
-$400,354,738
Form type
4
Filing time
30 Mar 2023, 16:14:00 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DCT Common stock Disposed to Issuer -$400M -21.1M -100% $19.00 0 30 Mar 2023 See footnote F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 2,932,262 shares of common stock held by Accenture LLP and 18,139,040 shares of common stock held by Accenture Holdings BV, each of which is an indirect wholly-owned subsidiary of Accenture plc. On March 30, 2023, pursuant to the Agreement and Plan of Merger, dated as of January 8, 2023, by and among Disco Parent, LLC, Disco Merger Sub, Inc. ("Merger Sub"), and the Issuer, Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of Common Stock outstanding as of immediately prior to the Effective Time (subject to certain exceptions) was cancelled and extinguished and automatically converted into the right to receive cash in an amount equal to $19.00.

Remarks:

The reporting person may have been deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, by virtue of the fact that Stuart Nicoll served on the board of directors of the Issuer. Following consummation of the Merger, Mr. Nicoll no longer serves on the board of directors of the Issuer.