Lynne Doherty McDonald - 27 Jul 2021 Form 4 Insider Report for McAfee Corp.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
29 Jul 2021, 17:41:17 UTC
Prior SEC filing
02 Jul 2021
Next SEC filing
01 Nov 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jared Ross, as Attorney-in-Fact

Key filing fact

Lynne Doherty McDonald filed Form 4 for McAfee Corp. on 29 Jul 2021.

Key facts

  • This page summarizes Lynne Doherty McDonald's Form 4 filing for McAfee Corp..
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 29 Jul 2021, 17:41.

Change

  • Previous filing in this sequence was filed on 02 Jul 2021.
  • Current net transaction value: -$1,361,304.

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.

MCFE transaction

Class A Common Stock

Disposed to Issuer

Transaction value
$1,361,304
Shares
-51,800
Change %
-12%
Price
$26.28
Shares after
365,712
Date
27 Jul 2021
Ownership
Direct
Footnotes
F1
MCFE transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares
-221,843
Change %
-61%
Price
Shares after
143,869
Date
27 Jul 2021
Ownership
Direct
Footnotes
F2

Reported derivative securities

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

MCFE transaction Derivative

Management Incentive Units

Disposed to Issuer

Transaction value
Shares
-1,674,412
Change %
-69%
Price
Shares after
761,092
Date
27 Jul 2021
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,674,412
Exercise price
$6.14
Footnotes
F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Lynne Doherty McDonald 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

Reflects withholding of shares of the Issuer's Class A common stock upon vesting of RSUs to satisfy the Reporting Person's tax withholding obligation, based on the last reported sale price of the Issuer's Class A common stock on July 27, 2021.

Footnote F2

Reflects forfeited unearned/unvested RSUs as a result of the divestiture of the Registrant's Enterprise business (the "Enterprise Divestiture") on July 27, 2027.

Footnote F3

Reflects unearned/unvested MIUs forfeited as a result of the Enterprise Divestiture.

Footnote F4

Reflects Management Incentive Units of Foundation Technology Worldwide LLC ("MIUs") which are profits interests that are economically similar to stock-settled stock options. Vested MIUs are exchangeable, at the holder's election, for a number of shares of Class A Common Stock equal in value to the "spread value" represented by the excess of the value of shares of Class A Common Stock at the time of exchange above the "return threshold" associated with the MIUs, multiplied by the number of MIUs being exchanged. The number reflected in Table II reflects the number of MIUs held by the Reporting Person. The MIUs do not have an expiration date.

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