Michael W. Valente - 27 Sep 2022 Form 4 Insider Report for GCP Applied Technologies Inc.

Reporting relationship: Vice President, General Counsel and Secretary
Issuer ticker: N/A
Reported as of: 27 Sep 2022
Net transaction value: -$875,904
SEC form: 4
Accepted by SEC: 27 Sep 2022, 13:48:14 UTC
Prior SEC filing: 30 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ Michael W. Valente

Key filing fact

Michael W. Valente filed Form 4 for GCP Applied Technologies Inc. on 27 Sep 2022.

Key facts

This page summarizes Michael W. Valente's Form 4 filing for GCP Applied Technologies Inc..
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 27 Sep 2022, 13:48.

Change

Previous filing in this sequence was filed on 30 Dec 2021.
Current net transaction value: -$875,904.

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.

GCP transaction

Common Stock

Disposed to Issuer

Transaction value: $194,848
Shares: -6,089
Change %: -34%
Price: $32.00
Shares after: 11,664
Date: 27 Sep 2022
Ownership: Direct
Footnotes: F1

GCP transaction

Common Stock

Disposed to Issuer

Transaction value: $373,248
Shares: -11,664
Change %: -100%
Price: $32.00
Shares after: 0
Date: 27 Sep 2022
Ownership: Direct
Footnotes: F2

GCP transaction

Common Stock

Award

Transaction value: $0
Shares: +9,619
Change %
Price: $0.000000
Shares after: 9,619
Date: 27 Sep 2022
Ownership: Direct
Footnotes: F3

GCP transaction

Common Stock

Disposed to Issuer

Transaction value: $307,808
Shares: -9,619
Change %: -100%
Price: $32.00
Shares after: 0
Date: 27 Sep 2022
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

Michael W. Valente 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

Disposed of pursuant to the Agreement and Plan of Merger, by and among Cyclades Parent, Inc., Cyclades Merger Sub, Inc., GCP Applied Technologies Inc. (the "Issuer") and Compagnie de Saint-Gobain S.A., dated December 5, 2021 (the "Merger Agreement"), whereby each outstanding share of the Issuer's common stock was cancelled at the effective time (the "Effective Time") of the merger (the "Merger") and converted into the right to receive a cash payment of $32.00 per share (the "Merger Consideration").

Footnote F2

Disposed of pursuant to the Merger Agreement, whereby unvested restricted stock units ("Company RSUs") which were outstanding as of immediately prior to the Effective Time and subject solely to service-based vesting conditions fully vested, and each Company RSU that was outstanding immediately prior to the Effective Time was canceled at the Effective Time, in exchange for cash payments in the amount of the Merger Consideration (without interest).

Footnote F3

Represents shares of Issuer common stock issued under Company performance based stock units ("Company PBUs") that became vested in connection with the Merger.

Footnote F4

Disposed of pursuant to the Merger Agreement, whereby each Company PBU that was outstanding immediately prior to the Effective Time was canceled at the Effective Time, in exchange for cash payments in the amount of the Merger Consideration (without interest).

SEC remarks

Vice President, General Counsel and Secretary