Anil Arora - 18 Oct 2022 Form 4 Insider Report for Ping Identity Holding Corp.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 18 Oct 2022
Net transaction value: -$188,841
SEC form: 4
Accepted by SEC: 20 Oct 2022, 17:32:59 UTC
Prior SEC filing: 06 Sep 2022
Next SEC filing: 05 Dec 2022
Source filing: View source filing
Reporting owner signature: /s/ Shalini Sharma, Attorney-in-Fact

Key filing fact

Anil Arora filed Form 4 for Ping Identity Holding Corp. on 20 Oct 2022.

Key facts

This page summarizes Anil Arora's Form 4 filing for Ping Identity Holding Corp..
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 20 Oct 2022, 17:32.

Change

Previous filing in this sequence was filed on 06 Sep 2022.
Current net transaction value: -$188,841.

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.

PING transaction

Company Common Stock, $0.001 par value

Disposed to Issuer

Transaction value: $188,841
Shares: -6,626
Change %: -100%
Price: $28.50
Shares after: 0
Date: 18 Oct 2022
Ownership: Direct
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 2 footnotes

Footnote F1

Pursuant to the Agreement and Plan of Merger, dated August 2, 2022 (the "Merger Agreement"), by and among Project Polaris Holdings, LP ("Parent"), Project Polaris Merger Sub, Inc. ("Merger Sub") and the Issuer, Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of the Issuer's common stock ("Company Common Stock") issued and outstanding immediately prior to the Merger was automatically cancelled, extinguished and converted into the right to receive $28.50 per share in cash, without interest thereon (the "Per Share Price").

Footnote F2

The reported securities include vested restricted stock units ("Company RSUs") of the Issuer which pursuant to the Merger Agreement, were, at the Effective Time, canceled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the Per Share Price and (ii) the total number of shares of Company Common Stock subject to such Company RSUs as of immediately prior to the Effective Time.