Neil B. Fairfield - 06 Jul 2022 Form 4 Insider Report for CDK Global, Inc.

Reporting relationship: VP, Corporate Controller & CAO
Issuer ticker: N/A
Reported as of: 06 Jul 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 06 Jul 2022, 19:21:35 UTC
Prior SEC filing: 14 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Lee J. Brunz, Power of Attorney

Key filing fact

Neil B. Fairfield filed Form 4 for CDK Global, Inc. on 06 Jul 2022.

Key facts

This page summarizes Neil B. Fairfield's Form 4 filing for CDK Global, Inc..
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 06 Jul 2022, 19:21.

Change

Previous filing in this sequence was filed on 14 Mar 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

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.

CDK transaction

Common Stock

Award

Transaction value
Shares: +3,554
Change %: +35%
Price
Shares after: 13,597
Date: 06 Jul 2022
Ownership: Direct
Footnotes: F1

CDK transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -13,597
Change %: -100%
Price
Shares after: 0
Date: 06 Jul 2022
Ownership: Direct
Footnotes: F2

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Neil B. Fairfield 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

Represents shares of common stock, par value $0.01 per share (each, a "Share"), of CDK Global, Inc. (the "Company") that are subject to performance-based restricted stock units ("PSUs"). Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), among the Company, Central Parent LLC ("Parent") and Central Merger Sub Inc. ("Merger Sub"), on July 6, 2022 (the "Closing Date"), Merger Sub merged with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Parent (the "Merger"), and each PSU outstanding immediately prior to the consummation of the Merger became fully vested at the greater of the target and actual performance measured through the Closing Date (with the performance in respect of any fiscal year commencing after the 2022 fiscal year being at target performance), and was canceled and converted into the right to receive, for each Share subject to such then-vested PSU, $54.87 in cash without interest.

Footnote F2

Pursuant to the Merger Agreement, at the effective time of the Merger, each Share was canceled and converted into the right to receive $54.87 in cash without interest.