Key facts
- This page summarizes Stephen Fulton's Form 4 filing for SecureWorks Corp.
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 04 Feb 2025, 18:38.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Shares, units, or other non-derivative securities reported in this filing.
Disposed to Issuer
Additional SEC filing notes
Section 16 status
Stephen Fulton is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Footnote F1
Includes restricted stock units ("Company RSUs") and performance-based restricted stock units ("Company PSUs") subject to certain vesting periods and other restrictions.
Footnote F2
On February 3, 2025, SecureWorks Corp. (the "Issuer") consummated the previously announced transaction with Sophos Inc., pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated as of October 21, 2024, whereby Sophos Inc. indirectly acquired the Issuer. At the Effective Time (as defined in the Merger Agreement), each share of Class A common stock of the Company, par value $0.01 per share, issued and outstanding as of immediately prior to the Effective Time was converted into the right to receive cash in an amount equal to $8.50, without interest thereon (the "Per Share Amount"), less any applicable tax withholdings.
Footnote F3
At the Effective Time, each (a) outstanding vested Company RSU award was canceled in exchange for the right to receive a lump-sum cash payment equal to the Per Share Amount multiplied by the aggregate number of shares of Class A Common Stock subject to such Company RSU award, less applicable tax withholdings, and (b) outstanding unvested Company RSU award was canceled in exchange for the right to receive an aggregate cash payment equal to the Per Share Amount multiplied by the aggregate number of shares of Class A Common Stock subject to such unvested Company RSU award, less applicable tax withholdings, that will vest and become payable subject to such vested Company RSU award's terms, conditions and vesting schedule.
Footnote F4
At the Effective Time, each (a) outstanding vested Company PSU award was canceled in exchange for the right to receive a lump-sum cash payment equal to the Per Share Amount multiplied by the aggregate number of shares of Class A Common Stock subject to such Company PSU award, less applicable tax withholdings, and (b) outstanding unvested Company PSU award was deemed achieved at the target performance level through the Effective Time and was canceled in exchange for the right to receive an aggregate amount in cash equal to the Per Share Amount multiplied by the aggregate number of shares of Class A Common Stock subject to such unvested Company PSU award, less applicable tax withholdings, that will vest and become payable subject to such unvested Company PSU award's terms, conditions and vesting schedule (excluding any performance-based vesting conditions).