SEC Form 4 · accession 0000899243-17-023625
PAREXEL INTERNATIONAL CORP · PRXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christian Dreger
Officer — See Remarks
Period of report
Sep 29, 2017
Accepted (ET)
Oct 4, 2017 · 8:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000799729
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | $0.00 | Sep 29, 2017 | U | 4,304 | D | — | Dec 7, 2019 | Common Stock | 4,304 | 0 | D |
| Stock Options (Right to Buy)F4 | $62.62 | Sep 29, 2017 | U | 4,297 | D | — | Dec 7, 2024 | Common Stock | 4,297 | 0 | D |
Explanation of responses
- F1Pursuant to the terms of the Merger Agreement, immediately prior to the Effective Time, each Company RSU Award, whether or not vested, was assumed by West Street Parent, LLC or the Company, cancelled and exchanged for the right to receive an amount in cash equal to the product obtained by multiplying (i) the aggregate number of shares of Company Common Stock subject to such award by (ii) the Merger Consideration.
- F2These restricted stock units were to vest in full on December 7, 2019.
- F3Pursuant to the terms of the Agreement and Plan of Merger by and among PAREXEL International Corporation, West Street Parent, LLC and West Street Merger Sub, Inc., dated June 19, 2017, each Company Stock Option, whether or not vested or exercisable, automatically converted into the right to receive an amount in cash equal to the product obtained by multiplying (i) the excess of the Merger Consideration over the per share exercise price of such Company Stock Option, by (ii) the aggregate number of shares of Company Common Stock issuable upon exercise of settlement of such Company Stock Option prior to the Effective Time.
- F4Options become exercisable in increments of 25% of the total shares granted, which commenced on the first anniversary of 12/07/2016.
Remarks
SVP, PAREXEL Access and Consulting