Key facts
- This page summarizes George J. Pedersen's Form 4 filing for MANTECH INTERNATIONAL CORP.
- 4 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 30 Mar 2022, 18:56.
George J. Pedersen - 28 Mar 2022 Form 4 Insider Report for MANTECH INTERNATIONAL CORP
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 28 Mar 2022
- Net transaction value
- -$734,093,355
- Reporting owner signature
- /s/ Michael R. Putnam, by power of attorney
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
George J. Pedersen filed Form 4 for MANTECH INTERNATIONAL CORP on 30 Mar 2022.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$734,093,355.
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.
MANT
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +11,580,000
- Change %
- Price
- Shares after
- 11,580,000
- Date
- 28 Mar 2022
- Ownership
- Direct
- Footnotes
- F1, F4
MANT
transaction
Class A Common Stock
Sale
- Transaction value
- $219,999,914
- Shares
- -2,773,389
- Change %
- -24%
- Price
- $79.33
- Shares after
- 8,806,611
- Date
- 29 Mar 2022
- Ownership
- Direct
- Footnotes
- F2, F5
MANT
transaction
Class A Common Stock
Sale
- Transaction value
- $514,093,440
- Shares
- -6,611,454
- Change %
- -75%
- Price
- $77.76
- Shares after
- 2,195,157
- Date
- 29 Mar 2022
- Ownership
- Direct
- Footnotes
- F3, F6
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MANT
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -11,580,000
- Change %
- -88%
- Price
- Shares after
- 1,561,760
- Date
- 28 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 11,580,000
- Exercise price
- Footnotes
- F4
MANT
holding
Derivative
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,168
- Date
- 28 Mar 2022
- Ownership
- By spouse
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,168
- Exercise price
- Footnotes
- F4
MANT
holding
Derivative
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 33,767
- Date
- 28 Mar 2022
- Ownership
- By fund
- Underlying class
- Class A Common Stock
- Underlying amount
- 33,767
- Exercise price
- Footnotes
- F4, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote F1
The conversion of Class B shares and other transactions reported herein were done as part of broader estate planning by Mr. Pedersen.
Footnote F2
Mr. Pedersen sold these shares to The Pederson GST 2022 Trust (the "GST"). The trust's grantor is Mr. Pedersen, its trustee is his daughter, Jennifer A. Warren, and its beneficiaries are Mr. Pedersen's children and their descendants.
Footnote F3
Mr. Pedersen sold these shares to The Pederson Nonexempt 2022 Trust (the "PNT"). The trust's grantor is Mr. Pedersen, its trustee is his daughter, Jennifer A. Warren, and its beneficiaries are Mr. Pedersen's children and their descendants.
Footnote F4
The Class B Common Stock is convertible into Class A Common Stock at any time on a one-for-one basis, and has no expiration date. On March 28, 2022, Mr. Pedersen converted a total of 11,580,000 shares of his Class B Common Stock into 11,580,000 shares of Class A Common Stock.
Footnote F5
The shares were sold in a private transaction to the GST. The price was determined based on the opinion of an independent valuation firm, which reflects a discount to the market price given the large block of shares sold and other factors. The GST paid $22,000,000 in cash and executed a promissory note in the aggregate principal amount of $197,999,984 for the shares.
Footnote F6
The shares were sold in a private transaction to the PNT. The price was determined based on the opinion of an independent valuation firm, which reflects a discount to the market price given the large block of shares sold and other factors. The PNT paid $51,409,330 in cash and marketable securities, and executed a promissory note in the aggregate principal amount of $462,683,945 for the shares.
Footnote F7
The shares are held by the ManTech Special Assistance Fund, a fund over which Mr. Pedersen has voting and investment control and as to which Mr. Pedersen disclaims beneficial ownership.