Jimmy C. Duan - 29 Oct 2021 Form 4 Insider Report for Medallia, Inc.

Reporting relationship: Chief Customer Officer and EVP
Issuer ticker: N/A
Reported as of: 29 Oct 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Nov 2021, 19:26:47 UTC
Prior SEC filing: 16 Sep 2021
Next SEC filing: 08 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Roxanne Oulman, by power of attorney

Key filing fact

Jimmy C. Duan filed Form 4 for Medallia, Inc. on 02 Nov 2021.

Key facts

This page summarizes Jimmy C. Duan's Form 4 filing for Medallia, Inc..
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 02 Nov 2021, 19:26.

Change

Previous filing in this sequence was filed on 16 Sep 2021.
Current net transaction value: $0.

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.

MDLA transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -96,366
Change %: -37%
Price
Shares after: 160,980
Date: 29 Oct 2021
Ownership: Direct
Footnotes: F1, F2

MDLA transaction

Common Stock

Award

Transaction value: $0
Shares: +131,905
Change %: +82%
Price: $0.000000
Shares after: 292,885
Date: 29 Oct 2021
Ownership: Direct
Footnotes: F3

MDLA transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -292,885
Change %: -100%
Price
Shares after: 0
Date: 29 Oct 2021
Ownership: Direct
Footnotes: F4

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 4 footnotes

Footnote F1

Pursuant to the Agreement and Plan of Merger between the Issuer, Project Metal Parent, LLC and Project Metal Merger Sub, Inc. dated July 25, 2021, each share of issued and outstanding Issuer common stock was cancelled and converted into the right to receive $34.00 in cash.

Footnote F2

The shares are represented by restricted stock units, or RSUs.

Footnote F3

Immediately prior to the effective time of the merger, certain RSUs subject to the achievement of performance-based criteria were deemed achieved and vest as follows: (i) 100,000 RSUs vest on March 15, 2023 and (ii) 31,905 RSUs vest on April 15, 2024.

Footnote F4

At the effective time of the merger, the RSUs were cancelled and converted into a right to receive $34.00 in cash for each outstanding unit which will vest and be payable at the same time as the unvested RSUs for which such cash amount was exchanged would have vested pursuant to its terms.