Barry M. Sando - 04 Jun 2021 Form 4 Insider Report for CORELOGIC, INC.

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
08 Jun 2021, 19:22:57 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jan S. Morris, attorney-in-fact

Key filing fact

Barry M. Sando filed Form 4 for CORELOGIC, INC. on 08 Jun 2021.

Key facts

  • This page summarizes Barry M. Sando's Form 4 filing for CORELOGIC, INC..
  • 4 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 08 Jun 2021, 19:22.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: -$21,018,661.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CLGX transaction

Common Stock

Disposed to Issuer

Transaction value
$18,108,750
Shares
-226,359
Change %
-100%
Price
$80.00
Shares after
0
Date
04 Jun 2021
Ownership
Direct
Footnotes
F1, F2, F3, F4, F5
CLGX transaction

Common Stock

Disposed to Issuer

Transaction value
$626,649
Shares
-7,833
Change %
-100%
Price
$80.00
Shares after
0
Date
04 Jun 2021
Ownership
By 401(k) Plan
Footnotes
F2, F3, F4, F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CLGX transaction Derivative

Employee Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
$1,405,895
Shares
-26,011
Change %
-100%
Price
$54.05
Shares after
0
Date
04 Jun 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
26,011
Exercise price
$25.95
Footnotes
F2, F3, F4, F5, F6
CLGX transaction Derivative

Employee Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
$877,367
Shares
-18,467
Change %
-100%
Price
$47.51
Shares after
0
Date
04 Jun 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
18,467
Exercise price
$32.49
Footnotes
F2, F3, F4, F5, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Barry M. Sando is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 7 footnotes

Footnote F1

1. Includes (i) 189.599 shares acquired under the CoreLogic, ("CoreLogic") employee stock purchase plan on March 31, 2021, (ii) 13,793.518 restricted stock units of CoreLogic subject to time-based vesting ("RSUs"), and (iii) 54,207.459 performance-based restricted stock units of CoreLogic subject to both time-based and performance-based vesting ("PSUs"). Each RSU and PSU is settled by the delivery of the underlying shares of CoreLogic common stock.

Footnote F2

On June 4, 2021, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated February 4, 2021, by and among CoreLogic, Celestial-Saturn Parent Inc., a Delaware corporation ("Parent"), and Celestial-Saturn Acquisition Sub Inc., a Delaware corporation ("Acquisition Sub"), Acquisition Sub merged with and into CoreLogic, with CoreLogic surviving as a wholly owned subsidiary of Parent (the "Merger").

Footnote F3

(continued from footnote 2) Pursuant to the Merger Agreement and by virtue of the Merger, in which each issued and outstanding share of CoreLogic common stock, par value $0.00001 per share, was converted into the right to receive $80 in cash, without interest (the "Merger Consideration"): (i) each option that was outstanding immediately prior to the effective time of the Merger automatically vested (if unvested) and was cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (A) the excess, if any, of (x) the Merger Consideration over (y) the per-share exercise price for such option multiplied by (B) the total number of shares of CoreLogic common stock underlying such option; (ii) each RSU that was outstanding immediately prior to the effective time of the Merger automatically vested (if unvested) and was cancelled and converted into the right to receive an amount in cash, without interest,

Footnote F4

(continued from footnote 3) equal to the product of (A) the total number of shares of CoreLogic common stock underlying such RSU (including any shares of CoreLogic common stock in respect of dividend equivalent units credited thereon) (or, for RSUs granted in 2021, a prorated number of shares of CoreLogic common stock based on the period elapsed prior to the effective time of the Merger) multiplied by (B) the Merger Consideration; and (iii) each PSU that was outstanding immediately prior to the effective time of the Merger automatically vested (if unvested) and was cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (A) the number of shares of CoreLogic common stock underlying such PSU (including any shares of CoreLogic common stock in respect of dividend equivalent units credited thereon) with performance measured in accordance with the terms of the applicable governing documents,

Footnote F5

(continued from footnote 4) as determined by the board of directors of CoreLogic or a committee thereof after consultation with Parent prior to the effective time of the Merger (or, for PSUs granted in 2021, a prorated number of shares of CoreLogic common stock based on the period elapsed prior to the effective time of the Merger and measured at the target level of performance) multiplied by (B) the Merger Consideration.

Footnote F6

The option became exercisable in three equal annual installments beginning February 27, 2014.

Footnote F7

The option became exercisable in three equal annual installments beginning March 3, 2015.

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