SEC Form 4 · accession 0001002225-15-000035
ADVENT SOFTWARE INC /DE/ · ADVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Lyle Frandsen
Director
Period of report
Jul 8, 2015
Accepted (ET)
Jul 10, 2015 · 7:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001002225
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 8, 2015 | D | 2,611 | $44.25 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Rights | $29.01 | Jul 8, 2015 | D | 18,277 | D | May 7, 2015 | May 7, 2024 | Common Stock | 18,277 | 0 | D |
Explanation of responses
- F1Consists of vested restricted stock units that were disposed of pursuant to the terms of the Merger Agreement by and among the Company, SS&C Technologies Holdings, Inc. and Arbor Acquisition Corporation in exchange for a cash payment of $44.25 per share on the effective date of the merger. The awards fully vested on the effective date of the merger per the terms of the award agreement.
- F2Represents vested stock appreciation rights that were disposed of pursuant to the Merger Agreement in exchange for a cash payment of $278,541, representing the aggregate difference between the exercise price of the stock appreciation right and the merger consideration of $44.25 per share. The awards fully vested on the effective date of the merger per the terms of the award agreement.