Alvin T. Jeffers - Apr 5, 2022 Form 4 Insider Report for SPX FLOW, Inc. (FLOW)

Role
VP, Global Mfg & Supply Chain
Signature
/s/ Peter Ryan, Attorney In Fact for Alvin T. Jeffers
Stock symbol
FLOW
Transactions as of
Apr 5, 2022
Transactions value $
$0
Form type
4
Date filed
4/5/2022, 04:25 PM
Previous filing
Dec 22, 2021
Next filing
May 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLOW Common Stock Other -14.5K -100% 0 Apr 5, 2022 Direct F1

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 FLOW Restricted Stock Unit Disposed to Issuer -2.07K -100% 0 Apr 5, 2022 Common Stock 2.07K $0.00 Direct F2, F3
transaction FLOW Restricted Stock Unit Disposed to Issuer -2.21K -100% 0 Apr 5, 2022 Common Stock 2.21K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Alvin T. Jeffers is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to that certain Contribution Agreement by and between Reporting Person and LSF11 Redwood Acquisitions, LLC, a Delaware limited liability company ("Parent"), dated as of April 5, 2022, Reporting Person rolled over 14,518 shares of common stock in exchange for equity interests in an affiliate of Parent having an aggregate value of $1,255,807.
F2 The restricted stock units were originally scheduled to vest in three equal annual installments beginning on February 27, 2021. The tranche vesting in Q1 of 2022 of this award was accelerated by the compensation committee of the Issuer's Board of Directors on December 20, 2021, in connection with the Merger Agreement.
F3 Pursuant to the terms of the Merger Agreement, upon consummation of the transactions contemplated thereby, each Restricted Stock Unit was automatically canceled and converted into the right to receive an amount in cash, without interest and less applicable taxes, equal to (1) the total number of shares of common stock subject to such Restricted Stock Unit multiplied by (2) $86.50.
F4 The restricted stock units were originally scheduled to vest in three equal annual installments beginning on February 24, 2022. The tranche vesting in Q1 of 2022 of this award was accelerated by the compensation committee of the Issuer's Board of Directors on December 20, 2021, in connection with the Merger Agreement.