Craig A. Merrill - 27 Sep 2022 Form 4 Insider Report for GCP Applied Technologies Inc.

Reporting relationship: Vice President and Chief Financial Officer
Issuer ticker: N/A
Reported as of: 27 Sep 2022
Net transaction value: -$1,363,309
SEC form: 4
Accepted by SEC: 27 Sep 2022, 13:54:03 UTC
Prior SEC filing: 30 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ Michael W. Valente, Attorney-in-Fact

Key filing fact

Craig A. Merrill filed Form 4 for GCP Applied Technologies Inc. on 27 Sep 2022.

Key facts

This page summarizes Craig A. Merrill's Form 4 filing for GCP Applied Technologies Inc..
7 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 27 Sep 2022, 13:54.

Change

Previous filing in this sequence was filed on 30 Dec 2021.
Current net transaction value: -$1,363,309.

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: $348,736
Shares: -10,898
Change %: -53%
Price: $32.00
Shares after: 9,497
Date: 27 Sep 2022
Ownership: Direct
Footnotes: F1

GCP transaction

Common Stock

Disposed to Issuer

Transaction value: $303,904
Shares: -9,497
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: +18,270
Change %
Price: $0.000000
Shares after: 18,270
Date: 27 Sep 2022
Ownership: Direct
Footnotes: F3

GCP transaction

Common Stock

Disposed to Issuer

Transaction value: $584,640
Shares: -18,270
Change %: -100%
Price: $32.00
Shares after: 0
Date: 27 Sep 2022
Ownership: Direct
Footnotes: F4

Reported derivative securities

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

GCP transaction Derivative

Employee Stock Options (rights to buy)

Disposed to Issuer

Transaction value: $50,879
Shares: -3,401
Change %: -100%
Price: $14.96
Shares after: 0
Date: 27 Sep 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,401
Exercise price: $17.04
Footnotes: F5

GCP transaction Derivative

Employee Stock Options (rights to buy)

Disposed to Issuer

Transaction value: $34,502
Shares: -6,161
Change %: -100%
Price: $5.60^*
Shares after: 0
Date: 27 Sep 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,161
Exercise price: $26.40
Footnotes: F6

GCP transaction Derivative

Employee Stock Options (rights to buy)

Disposed to Issuer

Transaction value: $40,649
Shares: -7,220
Change %: -100%
Price: $5.63^*
Shares after: 0
Date: 27 Sep 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,220
Exercise price: $26.37
Footnotes: F7

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Craig A. Merrill is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 7 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).

Footnote F5

This option was canceled in the Merger in exchange for a cash payment of $152,651.84, representing the difference between the exercise price of the option and the Merger Consideration.

Footnote F6

This option was canceled in the Merger in exchange for a cash payment of $34,501.60, representing the difference between the exercise price of the option and the Merger Consideration.

Footnote F7

This option was canceled in the Merger in exchange for a cash payment of $40,648.60, representing the difference between the exercise price of the option and the Merger Consideration.

SEC remarks

Vice President and Chief Financial Officer