SEC Form 4 · accession 0000899243-18-003975
BARRACUDA NETWORKS INC · CUDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Erin Hintz
Officer — SVP & Chief Marketing Officer
Period of report
Feb 12, 2018
Accepted (ET)
Feb 14, 2018 · 7:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001348334
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 12, 2018 | D | 50,000 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported shares are represented by restricted stock units, or RSUs, which vest in four equal annual installments beginning on August 1, 2018.
- F2Pursuant to the Agreement and Plan of Merger between the Issuer, Project Deep Blue Holdings, LLC, and Project Deep Blue Merger Corp. dated November 26, 2017 and immediately prior to the closing of the merger, the unvested RSUs were cancelled and converted into the contingent right to receive a cash payment of $1,377,500.00, which represents $27.55 for each outstanding unvested unit, which will vest and be payable at the same time as the unvested RSUs for which such cash amount was exchanged would have vested pursuant to its terms.