Robert E. Radway - 06 Jul 2022 Form 4 Insider Report for CDK Global, Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 06 Jul 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 06 Jul 2022, 19:27:48 UTC
Prior SEC filing: 16 Nov 2021
Source filing: View source filing
Reporting owner signature: /s/ Lee J. Brunz, Power of Attorney

Key filing fact

Robert E. Radway filed Form 4 for CDK Global, Inc. on 06 Jul 2022.

Key facts

This page summarizes Robert E. Radway's Form 4 filing for CDK Global, Inc..
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 06 Jul 2022, 19:27.

Change

Previous filing in this sequence was filed on 16 Nov 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.

CDK transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -39,730
Change %: -100%
Price
Shares after: 0
Date: 06 Jul 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

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

CDK transaction Derivative

Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -15,384
Change %: -100%
Price
Shares after: 0
Date: 06 Jul 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 15,384
Exercise price: $39.67
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

Robert E. Radway 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 (the "Merger Agreement"), among the Company, Central Parent LLC ("Parent") and Central Merger Sub Inc. ("Merger Sub"), on July 6, 2022, Merger Sub merged with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Parent (the "Merger"), and, at the effective time of the Merger, each share of common stock, par value $0.01 per share (each, a "Share"), of the Company was canceled and converted into the right to receive $54.87 in cash without interest.

Footnote F2

Pursuant to the Merger Agreement, each option outstanding immediately prior to the consummation of the Merger, whether then unvested or vested, by virtue of the Merger and without any action by the holder, was canceled and converted into only the right to receive an amount in cash, without interest, equal to the product of (x) the number of Shares issuable under such option and (y) the excess, if any, of (i) $54.87 over (ii) the exercise price payable in respect of each Share issuable under such option (the "Option Consideration"); provided, however, that the Option Consideration for each option with an exercise price equal to or greater than $54.87 was $0.