SEC Form 4 · accession 0001628280-17-001234

LIFELOCK, INC. · LOCK

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Douglas C Jeffries

Officer — CFO and CAO

Period of report

Feb 9, 2017

Accepted (ET)

Feb 13, 2017 · 6:02 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001383871

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
COMMON STOCK^F1,F2	Feb 9, 2017	D	122,443	—	D	0	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
EMPLOYEE STOCK OPTION (RIGHT TO BUY)^F3	$11.64	Feb 9, 2017	D	39,592	D	—	Mar 22, 2026	COMMON STOCK	39,592	D
EMPLOYEE STOCK OPTION (RIGHT TO BUY)^F3	$16.84	Feb 9, 2017	D	58,054	D	—	Aug 18, 2026	COMMON STOCK	58,054	D
EMPLOYEE STOCK OPTION (RIGHT TO BUY)^F3	$16.13	Feb 9, 2017	D	92,886	D	—	Sep 15, 2026	COMMON STOCK	92,886	D

Explanation of responses

F1On November 20, 2016, LifeLock, Inc. (the "Issuer") entered into an Agreement and Plan of Merger (the "Merger Agreement"), as amended on January 16, 2017, with Symantec Corporation (the "Acquiror") and L1116 Merger Sub, Inc., a wholly-owned subsidiary of the Acquiror. Upon completion of the merger of the Issuer and L1116 Merger Sub, Inc.(the "Closing"), the Reporting Person's shares of the Issuer's Common Stock were cancelled and converted into the right to receive $24 in cash, without interest, (the "Merger Consideration").
F2Common Stock cancelled and converted into the right to receive an amount in cash equal to the product of the aggregate number of shares of this Common Stock and the Merger Consideration. Includes 106,351 restricted shares, payment in respect of which is subject to the same terms and conditions as the restricted shares.
F3Upon Closing, reflects an aggregate of 190,532 options, the vesting of which was accelerated at the Closing and converted into options to acquire a number of shares of common stock of the Acquiror equal to the number of shares subject to the unvested option times the quotient (the "Exchange Ratio") of $24 divided by the volume-weighted average of the trading prices of the shares of Acquiror's common stock on the NASDAQ for the ten trading days ending with, and including, February 9, 2016, at an exercise price equal to the exercise price of the unvested option divided by the Exchange Ratio and otherwise on the same terms and conditions as the unvested option.