Key facts
- This page summarizes Peter Leav's Form 4 filing for McAfee Corp..
- 6 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 03 Mar 2022, 16:30.
Peter Leav - 01 Mar 2022 Form 4 Insider Report for McAfee Corp.
- Reporting relationship
- Officer, Director
- Issuer ticker
- N/A
- Reported as of
- 01 Mar 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Mar 2022, 16:30:38 UTC
- Prior SEC filing
- 17 Feb 2022
- Next SEC filing
- 16 Mar 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jared Ross, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Peter Leav filed Form 4 for McAfee Corp. on 03 Mar 2022.
Change
- Previous filing in this sequence was filed on 17 Feb 2022.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MCFE
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +252,464
- Change %
- +13%
- Price
- Shares after
- 2,163,016
- Date
- 01 Mar 2022
- Ownership
- Direct
- Footnotes
- F1
MCFE
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +1,098,781
- Change %
- +51%
- Price
- Shares after
- 3,261,797
- Date
- 01 Mar 2022
- Ownership
- Direct
- Footnotes
- F2
MCFE
transaction
Class A Common Stock
Award
- Transaction value
- $0
- Shares
- +329,285
- Change %
- +10%
- Price
- $0.000000
- Shares after
- 3,591,082
- Date
- 01 Mar 2022
- Ownership
- Direct
- Footnotes
- F3
MCFE
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -3,591,082
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Mar 2022
- Ownership
- Direct
- Footnotes
- F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MCFE
transaction
Derivative
Class A Unit and Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -252,464
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 252,464
- Exercise price
- Footnotes
- F1, F5
MCFE
transaction
Derivative
Management Incentive Units
Conversion of derivative security
- Transaction value
- Shares
- -1,249,636
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,098,781
- Exercise price
- Footnotes
- F2, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Peter Leav is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 footnotes
Footnote F1
On March 1, 2022, the Reporting Person exchanged 252,464 Class A units ("Common Units") of Foundation Technology Worldwide LLC (together with an equal number of shares of Class B common stock ("Class B Shares")), for shares of Class A common stock ("Class A Shares") on a one-for-one basis pursuant to that certain Merger Agreement, dated November 5, 2021, between the Issuer, Condor BidCo, Inc. and Condor Merger Sub, Inc. (the "Merger Agreement").
Footnote F2
On March 1, 2022, the Reporting Person exchanged 1,249,636 Management Incentive Units ("MIUs") of Foundation Technology Worldwide LLC for Class A Shares representing the "spread value" of such MIUs, as described in Footnote 6, pursuant to the Merger Agreement.
Footnote F3
Reflects Restricted Stock Units ("RSUs") underlying existing performance-based RSUs that were granted upon satisfaction of certain performance criteria. Each RSU represents a contingent right to receive one share of the Issuer's Class A Shares upon settlement.
Footnote F4
Certain of these securities are RSUs. The RSUs and Class A Shares were cancelled pursuant to the Merger Agreement in exchange for a cash payment of $26.00 per share.
Footnote F5
Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Foundation Technology Worldwide LLC, as amended, the Reporting Person may exchange all or a portion of its Common Units (together with an equal number of Class B Shares) for Class A Shares on a one-for-one basis, subject to customary adjustments, or, at the option of the Issuer, cash (based on the then-market value of the Class A Shares).
Footnote F6
Reflects MIUs, which are profits interests that are economically similar to stock-settled stock options. Vested MIUs are exchangeable, at the holder's election, for a number of Class A Shares equal in value to the "spread value" represented by the excess of the value of Class A Shares at the time of exchange above the "return threshold" associated with the MIUs, multiplied by the number of MIUs being exchanged. The number reflected in Table II reflects the number of MIUs held by the Reporting Person. The MIUs do not have an expiration date.
SEC remarks
President and Chief Executive Officer. Effective upon completion of the merger on March 1, 2022, in accordance with the Merger Agreement, the Reporting Person ceased to be a director of the Issuer. Mr. Ross is signing on behalf of the Reporting Person pursuant to a Limited Power of Attorney dated October 21, 2020, which was previously filed with the Securities and Exchange Commission.