John P. Watters - 12 Sep 2022 Form 4 Insider Report for Mandiant, Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
12 Sep 2022, 11:37:09 UTC
Prior SEC filing
17 Aug 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Richard Meamber, Attorney-in-Fact

Key filing fact

John P. Watters filed Form 4 for Mandiant, Inc. on 12 Sep 2022.

Key facts

  • This page summarizes John P. Watters's Form 4 filing for Mandiant, Inc..
  • 6 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 12 Sep 2022, 11:37.

Change

  • Previous filing in this sequence was filed on 17 Aug 2022.
  • Current net transaction value: -$15,302,314.

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.

MNDT transaction

Common Stock

Disposed to Issuer

Transaction value
$5,052,939
Shares
-219,693
Change %
-100%
Price
$23.00
Shares after
0
Date
12 Sep 2022
Ownership
Direct
Footnotes
F1
MNDT transaction

Common Stock

Disposed to Issuer

Transaction value
$460,000
Shares
-20,000
Change %
-100%
Price
$23.00
Shares after
0
Date
12 Sep 2022
Ownership
See footnote
Footnotes
F1, F2
MNDT transaction

Common Stock

Disposed to Issuer

Transaction value
$805,000
Shares
-35,000
Change %
-100%
Price
$23.00
Shares after
0
Date
12 Sep 2022
Ownership
See footnote
Footnotes
F1, F3
MNDT transaction

Common Stock

Disposed to Issuer

Transaction value
$3,809,375
Shares
-165,625
Change %
-100%
Price
$23.00
Shares after
0
Date
12 Sep 2022
Ownership
Direct
Footnotes
F4

Reported derivative securities

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

MNDT transaction Derivative

PERFORMANCE-BASED RESTRICTED STOCK UNITS

Award

Transaction value
$0
Shares
+225,000
Change %
Price
$0.000000
Shares after
225,000
Date
12 Sep 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
225,000
Exercise price
Footnotes
F5, F6
MNDT transaction Derivative

PERFORMANCE-BASED RESTRICTED STOCK UNITS

Disposed to Issuer

Transaction value
$5,175,000
Shares
-225,000
Change %
-100%
Price
$23.00
Shares after
0
Date
12 Sep 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
225,000
Exercise price
Footnotes
F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

John P. Watters 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

Represents shares of the Issuer's common stock that were disposed of in connection with the merger of Dupin Inc. with and into the Issuer (the "Merger") pursuant to an Agreement and Plan of Merger, dated as of March 7, 2022, by and among the Issuer, Google LLC ("Google") and Dupin Inc. At the effective time of the Merger, each share of the Issuer's common stock was cancelled and converted into the right to receive $23.00 in cash.

Footnote F2

Shares held of record by JPW Advisory, Inc., for which the Reporting Person serves as the sole officer and director.

Footnote F3

Shares held of record by Dorset Investment Partners, Ltd., a family limited partnership of which the Reporting Person and his spouse are general partners. The Reporting Person disclaims beneficial ownership of all shares held by the family limited partnership, except to the extent of his pecuniary interest therein.

Footnote F4

At the effective time of the Merger, each outstanding restricted stock unit ("RSU") was canceled and converted into a right to receive an amount in cash equal to the product of (1) $23.00 and (2) the total number of shares of the Issuer's common stock then-subject to such RSU. With respect to vested RSUs, such cash amount became payable at the effective time of the Merger and, with respect to unvested RSUs, such cash amount will vest and become payable in accordance with the vesting schedule applicable to the corresponding unvested RSU, generally subject to the Reporting Person's continued employment with Google and its affiliates.

Footnote F5

Each RSU subject to performance-based vesting conditions ("PSU") represented a right to receive a share of the Issuer's common stock, subject to the achievement of performance conditions.

Footnote F6

Represents PSUs for which performance was deemed achieved assuming maximum performance but remained subject to time-based vesting conditions ("Unvested PSUs").

Footnote F7

At the effective time of the Merger, each outstanding PSU was canceled and converted into a right to receive an amount in cash equal to the product of (1) $23.00 and (2) the total number of shares of the Issuer's common stock then-subject to such PSU assuming maximum level of achievement of all relevant performance goals. Such cash amount will vest and become payable in accordance with the time-based vesting schedule applicable to the corresponding Unvested PSU, generally subject to the Reporting Person's continued employment with Google and its affiliates.

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