SEC Form 4 · accession 0001209191-16-154501
LINKEDIN CORP · LNKD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael John Callahan
Officer — SVP, GC and Secretary
Period of report
Dec 8, 2016
Accepted (ET)
Dec 9, 2016 · 5:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001271024
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Dec 8, 2016 | D | 9,631 | — | D | 0 | D | |
| Class A Common StockF3 | Dec 8, 2016 | D | 42,620 | — | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $202.50 | Dec 8, 2016 | D | 28,604 | D | Aug 4, 2015 | Aug 4, 2024 | Class A Common Stock | 28,604 | 0 | D |
| Employee Stock Option (Right to Buy)F4 | $267.20 | Dec 8, 2016 | D | 4,159 | D | Mar 1, 2015 | Mar 1, 2025 | Class A Common Stock | 4,159 | 0 | D |
Explanation of responses
- F1The shares of Class A Common Stock were cancelled pursuant to the Agreement and Plan of Merger, dated June 11, 2016, between the Issuer, Microsoft Corporation and Liberty Merger Sub Inc. (the "Merger Agreement") in exchange for a cash payment of $196 per share (the "Merger Consideration").
- F2Disposed of pursuant to the Merger Agreement, in exchange for the Merger Consideration.
- F3Pursuant to the Merger Agreement, unvested restricted stock units ("RSUs") were substituted with RSUs for a number of shares of Microsoft Corporation common stock equal to 42,620 multiplied by a fraction, the numerator of which is the Merger Consideration, and the denominator of which is the volume weighted average price per share of Microsoft Corporation common stock on Nasdaq for the five consecutive trading days ending with December 7, 2016 (the "Ratio"), rounded down to the nearest whole share, vesting on the same terms.
- F4The stock option was cancelled pursuant to the Merger Agreement, whereby the per share exercise price of the stock option is equal to or greater than the Merger Consideration.