0001209191-21-054034.txt : 20210831
0001209191-21-054034.hdr.sgml : 20210831
20210831140935
ACCESSION NUMBER: 0001209191-21-054034
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210831
FILED AS OF DATE: 20210831
DATE AS OF CHANGE: 20210831
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lee Robert Darren
CENTRAL INDEX KEY: 0001634774
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35506
FILM NUMBER: 211226514
MAIL ADDRESS:
STREET 1: C/O PROOFPOINT, INC.
STREET 2: 892 ROSS DRIVE
CITY: SUNNYVALE
STATE: CA
ZIP: 94089
FORMER NAME:
FORMER CONFORMED NAME: Lee Darren
DATE OF NAME CHANGE: 20150223
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PROOFPOINT INC
CENTRAL INDEX KEY: 0001212458
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
IRS NUMBER: 510414846
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 925 W. MAUDE AVENUE
CITY: SUNNYVALE
STATE: CA
ZIP: 94085
BUSINESS PHONE: 408-517-4710
MAIL ADDRESS:
STREET 1: 925 W. MAUDE AVENUE
CITY: SUNNYVALE
STATE: CA
ZIP: 94085
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-08-31
1
0001212458
PROOFPOINT INC
PFPT
0001634774
Lee Robert Darren
C/O PROOFPOINT, INC.
925 WEST MAUDE AVENUE
SUNNYVALE
CA
94085
0
1
0
0
EVP/GM Compliance/Digital Risk
Common Stock
2021-08-31
4
D
0
2525
176.00
D
0
D
Restricted Stock Units
0.00
2021-08-31
4
D
0
2000
D
Common Stock
2000
0
D
Restricted Stock Units
0.00
2021-08-31
4
D
0
4000
D
Common Stock
4000
0
D
Restricted Stock Units
0.00
2021-08-31
4
D
0
4500
D
Common Stock
4500
0
D
Restricted Stock Units
0.00
2021-08-31
4
D
0
10000
D
Common Stock
10000
0
D
Restricted Stock Units
0.00
2021-08-31
4
D
0
1125
D
Common Stock
1125
0
D
On April 25, 2021, Proofpoint, Inc. (the "Company") entered into an Agreement and Plan of Merger (as it may be amended, supplemented or otherwise modified from time to time, the "Merger Agreement") with Project Kafka Parent, LLC ("Parent") and Project Kafka Merger Sub, Inc., a wholly-owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub was merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, all shares of Company common stock outstanding immediately prior to the effective time of the Merger (the "Effective Time"), were canceled and converted automatically into the right to receive $176.00 in cash.
Each restricted stock unit represents a contingent right to receive 1 share of the Issuer's common stock upon settlement for no consideration.
Pursuant to the Merger Agreement, immediately prior to the Effective Time, each unvested and outstanding restricted stock unit (each, an "Unvested Company RSU") was cancelled and converted into the right to receive an amount in cash equal to the product obtained by multiplying (x) the total number of shares of the Company's common stock underlying such Unvested Company RSU, by (y) $176.00, in each case subject to the same vesting schedule, termination terms and other conditions as such Unvested Company RSU was subject to immediately prior to the Effective Time, subject to the holder's continued service with the Parent or its affiliates.
Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
The restricted stock units were earned by the Reporting Person on April 20, 2021 as determined by the Issuer's Board of Directors.
/s/ Robert Darren Lee, by Michael Yang, Attorney-in-Fact
2021-08-31