Olivier Duha - Sep 25, 2023 Form 4/A - Amendment Insider Report for Concentrix Corp (CNXC)

Role
Director
Signature
/s/ Andrew Farwig, Attorney-in-Fact
Stock symbol
CNXC
Transactions as of
Sep 25, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
10/5/2023, 06:02 PM
Date Of Original Report
Sep 27, 2023
Next filing
Mar 22, 2024

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 CNXC Contingent Right to Common Stock Award +59.4K 59.4K Sep 25, 2023 Common Stock 59.4K Direct F1, F2
transaction CNXC Contingent Right to Common Stock Award +16.3K 16.3K Sep 25, 2023 Common Stock 16.3K By Montana, a societe simple, organized under the Laws of Belgium F3
transaction CNXC Contingent Right to Common Stock Award +1.82K 1.82K Sep 25, 2023 Common Stock 1.82K By Liberty Management, a societe a responsabilite limitee, organized under the laws of Belgium F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 25, 2023, the Issuer completed its acquisition of the issued and outstanding capital stock of Marnix Lux SA, a public limited company (societe anonyme) organized under the Laws of the Grand Duchy of Luxembourg ("Marnix Lux"), the parent company of Webhelp, pursuant to the Share Purchase and Contribution Agreement dated June 12, 2023, as amended by the First Amendment to the Share Purchase and Contribution Agreement, dated July 14, 2023 by and among the Issuer, OSYRIS S.a.r.l., Marnix Lux and the holders of Marnix Lux (the "Transaction", and such agreement, as amended, the "Agreement").
F2 Pursuant to, and subject to the terms and conditions in, the Agreement, the Reporting Person has the contingent right to receive up to 59,421 shares of common stock of the Issuer if the share price of the Issuer's common stock reaches $170.00 per share within seven years from September 25, 2023 (based on daily volume weighted average prices measured over a specific period), or if within three years from September 25, 2023 the Issuer has a change of control with per share consideration of at least $150.00.
F3 Pursuant to, and subject to the terms and conditions in, the Agreement, the Reporting Person has the contingent right to receive up to 16,252 shares of common stock of the Issuer if the share price of the Issuer's common stock reaches $170.00 per share within seven years from September 25, 2023 (based on daily volume weighted average prices measured over a specific period), or if within three years from September 25, 2023 the Issuer has a change of control with per share consideration of at least $150.00.
F4 Pursuant to, and subject to the terms and conditions in, the Agreement, the Reporting Person has the contingent right to receive up to 1,818 shares of common stock of the Issuer if the share price of the Issuer's common stock reaches $170.00 per share within seven years from September 25, 2023 (based on daily volume weighted average prices measured over a specific period), or if within three years from September 25, 2023 the Issuer has a change of control with per share consideration of at least $150.00.

Remarks:

This amendment supplements the Form 4 filed by the reporting person on September 27, 2023 to report the contingent rights described herein. The number of shares of common stock of the Issuer that may be issuable under these contingent rights is subject to the satisfaction of material contingencies in accordance with the terms of the Agreement but are reported herein for the avoidance of doubt.