SEC Form 4 · accession 0000899243-17-019466
Xactly Corp · XTLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott A McGregor
Director
Period of report
Jul 31, 2017
Accepted (ET)
Aug 1, 2017 · 9:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001322554
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 31, 2017 | D | 24,375 | — | D | 7,348 | D | |
| Common StockF2,F3 | Jul 31, 2017 | D | 7,348 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger between the Issuer, Excalibur Parent, LLC and Excalibur Merger Sub, Inc. dated May 29, 2017, as amended on June 20, 2017 (the "Merger Agreement"), each share of Issuer common stock was exchanged for $15.65 in cash.
- F2The shares are represented by restricted stock units, or RSUs. Pursuant to the provisions of the Issuer's 2015 Equity Incentive Plan, the RSUs vested in full immediately prior to the closing of the merger.
- F3Pursuant to the Merger Agreement, the RSUs were cancelled in exchange for a cash payment of $114,996.20, which represents $15.65 for each outstanding unit.