Joseph M. Otting - 05 Sep 2023 Form 4 Insider Report for Black Knight, Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 05 Sep 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 07 Sep 2023, 17:13:58 UTC
Prior SEC filing: 19 Jul 2023
Next SEC filing: 29 Dec 2023
Source filing: View source filing
Reporting owner signature: /s/ Colleen E. Haley, Attorney-in-fact

Key filing fact

Joseph M. Otting filed Form 4 for Black Knight, Inc. on 07 Sep 2023.

Key facts

This page summarizes Joseph M. Otting's Form 4 filing for Black Knight, Inc..
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 07 Sep 2023, 17:13.

Change

Previous filing in this sequence was filed on 19 Jul 2023.
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.

BKI transaction

Common Stock

Disposed to Issuer

Transaction value: $0
Shares: -5,734
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 05 Sep 2023
Ownership: Direct
Footnotes: F1

BKI transaction

Restricted Stock Unit

Disposed to Issuer

Transaction value: $0
Shares: -9,162
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 05 Sep 2023
Ownership: Direct
Footnotes: F2

BKI transaction

Common Stock

Disposed to Issuer

Transaction value: $0
Shares: -5,605
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 05 Sep 2023
Ownership: The Otting Family Trust Dtd 3/18/10
Footnotes: F1

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Joseph M. Otting 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

Reflects the disposition of securities pursuant to the Agreement and Plan of Merger, dated as of May 4, 2022 (as amended on March 7, 2023, the "Merger Agreement"), among Black Knight, Inc. ("Black Knight"), Intercontinental Exchange, Inc. ("ICE"), and Sand Merger Sub Corporation, a wholly owned subsidiary of ICE ("Sub"), pursuant to which, on September 5, 2023, Sub merged with and into Black Knight, with Black Knight continuing as the surviving corporation and as a wholly owned subsidiary of ICE (the "Merger"). At the effective time of the Merger, each issued and outstanding share of common stock of Black Knight was canceled and converted into the right to receive, at the prior election of the holder (subject to proration pursuant to the Merger Agreement), either $75.867 in cash or 0.6577 shares of ICE common stock. As a result of the Merger, the Reporting Person no longer beneficially owns, directly or indirectly, any Shares.

Footnote F2

At the Effective Time, 9,162 time-based restricted stock unit awards in respect of Shares granted pursuant to the Company's Amended and Restated 2015 Omnibus Incentive Plan ("RSU Awards") held by the Reporting Person that were outstanding immediately prior to the Effective Time accelerated and vested in full and were deemed settled for a number of Shares equal to the number of Shares underlying such RSU Award, which Shares were cancelled and converted into the right to the Merger Consideration.