Key facts
- This page summarizes Venkat R. Bhamidipati's Form 4 filing for McAfee Corp..
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 03 Mar 2022, 17:08.
Venkat R. Bhamidipati - 01 Mar 2022 Form 4 Insider Report for McAfee Corp.
- Reporting relationship
- Officer
- Issuer ticker
- N/A
- Reported as of
- 01 Mar 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Mar 2022, 17:08:24 UTC
- Prior SEC filing
- 04 Jan 2022
- Next SEC filing
- 18 Nov 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jared Ross, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Venkat R. Bhamidipati filed Form 4 for McAfee Corp. on 03 Mar 2022.
Change
- Previous filing in this sequence was filed on 04 Jan 2022.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MCFE
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +443,404
- Change %
- +39%
- Price
- Shares after
- 1,580,826
- Date
- 01 Mar 2022
- Ownership
- Direct
- Footnotes
- F1
MCFE
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -1,580,826
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Mar 2022
- 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
Conversion of derivative security
- Transaction value
- Shares
- -500,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 443,404
- Exercise price
- Footnotes
- F1, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Venkat R. Bhamidipati is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
On March 1, 2022, the Reporting Person exchanged 500,000 Management Incentive Units ("MIUs") of Foundation Technology Worldwide LLC for shares of Class A common stock ("Class A Shares") representing the "spread value" of such MIUs, as described in Footnote 3, pursuant to that certain Merger Agreement, dated November 5, 2021, between the Issuer, Condor BidCo, Inc. and Condor Merger Sub, Inc. (the "Merger Agreement").
Footnote F2
Certain of these securities are restricted stock units ("RSUs") that represent the Reporting Person's right to receive shares of Class A common stock of the Issuer. The RSUs and Class A Shares were cancelled pursuant to the Merger Agreement in exchange for a cash payment of $26.00 per share.
Footnote F3
Reflects 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 Class A Shares equal in value to the "spread value" represented by the excess of the value of Class A Shares 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.
SEC remarks
Executive Vice President and Chief Financial Officer. Mr. Ross is signing on behalf of the Reporting Person pursuant to a Limited Power of Attorney dated October 21, 2020, which was previously filed with the Securities and Exchange Commission.