SEC Form 4 · accession 0001209191-18-007741
BROADSOFT, INC. · BSFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dino Dipalma
Officer — Chief Revenue Officer
Period of report
Feb 1, 2018
Accepted (ET)
Feb 5, 2018 · 9:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001086909
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 1, 2018 | A | 6,500 | $0.00 | A | 26,500 | D | |
| Common StockF2 | Feb 1, 2018 | D | 26,500 | $55.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the transactions contemplated by the Merger Agreement (as defined below), certain previously unvested performance stock units were converted into time-based vesting awards immediately prior to the closing of the Merger. Following the completion of the Merger, these awards represent the right to receive the merger consideration of $55 per share, with such cash payment subject to time-based vesting. Because of the performance-based vesting conditions of these performance stock units, these awards were not previously considered derivative securities for purposes of Section 16 of the Exchange Act and, therefore, were not previously reported pursuant to Section 16.
- F2Disposed of pursuant to the Agreement and Plan of Merger, dated as of October 20, 2017, by and among Cisco Systems, Inc. ("Cisco"), Brooklyn Acquisition Corp., a wholly-owned subsidiary of Cisco, and the Issuer (the "Merger Agreement") (the "Merger") in exchange for $55 pervshare on the effective date of the Merger.