Steve Rifai - 05 Oct 2021 Form 4 Insider Report for STAMPS.COM INC

Reporting relationship: Chief Sales Officer
Issuer ticker: N/A
Reported as of: 05 Oct 2021
Net transaction value: -$16,914,500
SEC form: 4
Accepted by SEC: 07 Oct 2021, 14:12:12 UTC
Source filing: View source filing
Reporting owner signature: /s/ David M. Zlotchew, Attorney-in-Fact

Key filing fact

Steve Rifai filed Form 4 for STAMPS.COM INC on 07 Oct 2021.

Key facts

This page summarizes Steve Rifai's Form 4 filing for STAMPS.COM INC.
3 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 07 Oct 2021, 14:12.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$16,914,500.

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 derivative securities

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

STMP transaction Derivative

Stock option (right to buy)

Disposed to Issuer

Transaction value: $2,421,200
Shares: -10,000
Change %: -100%
Price: $242.12
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,000
Exercise price: $87.88
Footnotes: F1, F2

STMP transaction Derivative

Stock option (right to buy)

Disposed to Issuer

Transaction value: $2,694,900
Shares: -13,000
Change %: -100%
Price: $207.30
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,000
Exercise price: $122.70
Footnotes: F1, F3

STMP transaction Derivative

Stock option (right to buy)

Disposed to Issuer

Transaction value: $11,798,400
Shares: -40,000
Change %: -100%
Price: $294.96
Shares after: 0
Date: 05 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 40,000
Exercise price: $35.04
Footnotes: F1, F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The securities were disposed of in connection with the acquisition of the Issuer by an affiliate of Thoma Bravo LP (the "Merger").

Footnote F2

This option, which had previously fully vested, was canceled in the Merger in exchange for a cash payment of $2,421,200, representing the difference between the exercise price of the options and the market value of the underlying Stamps.com common stock at the effective time of the Merger ($330 per share).

Footnote F3

This option, which had previously fully vested, was canceled in the Merger in exchange for a cash payment of $2,694,900, representing the difference between the exercise price of the options and the market value of the underlying Stamps.com common stock at the effective time of the Merger ($330 per share).

Footnote F4

This option, which provided for vesting of approximately one-third of the shares on June 3, 2020, and, with respect to the remaining two-thirds of the shares, in 24 approximately equal monthly installments thereafter, was canceled in the Merger in exchange for a cash payment of $11,798,400, representing the difference between the exercise price of the options and the market value of the underlying Stamps.com common stock at the effective time of the Merger ($330 per share).