0001415889-22-007817.txt : 20220720
0001415889-22-007817.hdr.sgml : 20220720
20220720162059
ACCESSION NUMBER: 0001415889-22-007817
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220720
FILED AS OF DATE: 20220720
DATE AS OF CHANGE: 20220720
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Naughton Michael Damien
CENTRAL INDEX KEY: 0001820960
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35108
FILM NUMBER: 221094434
MAIL ADDRESS:
STREET 1: C/O SERVICESOURCE INTERNATIONAL, INC.
STREET 2: 707 17TH STREET, 25TH FLOOR
CITY: DENVER
STATE: CO
ZIP: 80200
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CONCENTRIX SERVICESOURCE INC.
CENTRAL INDEX KEY: 0001310114
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 810578975
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 707 17TH STREET
STREET 2: SUITE 2500
CITY: DENVER
STATE: CO
ZIP: 80202
BUSINESS PHONE: 7208898500
MAIL ADDRESS:
STREET 1: 707 17TH STREET
STREET 2: SUITE 2500
CITY: DENVER
STATE: CO
ZIP: 80202
FORMER COMPANY:
FORMER CONFORMED NAME: SERVICESOURCE INTERNATIONAL, INC.
DATE OF NAME CHANGE: 20110324
FORMER COMPANY:
FORMER CONFORMED NAME: SERVICESOURCE INTERNATIONAL LLC
DATE OF NAME CHANGE: 20041129
4
1
form4-07202022_010742.xml
X0306
4
2022-07-20
1
0001310114
CONCENTRIX SERVICESOURCE INC.
SREV
0001820960
Naughton Michael Damien
C/O SERVICESOURCE INTERNATIONAL, INC.
707 17TH ST., 25TH FLOOR
DENVER
CO
80202
false
true
false
false
COO
Common Stock
2022-07-20
4
D
0
635873
1.50
D
0
D
Option
0.9200
2022-07-20
4
D
0
50000
0.58
D
2029-09-01
Common Stock
50000
0
D
This amount includes 429,166 restricted stock units of ServiceSource subject to time-based vesting (each an "RSU").
On July 20, 2022, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated May 6, 2022, by and among ServiceSource International, Inc. ("ServiceSource"), Concentrix Corporation ("Parent"), and Concentrix Merger Sub Inc., a direct, wholly-owned subsidiary of Parent ("Acquisition Sub"), Acquisition Sub merged with and into ServiceSource, with ServiceSource surviving as a wholly-owned subsidiary of Parent (the "Merger"). Pursuant to the Merger Agreement, and by virtue of the Merger, each issued and outstanding share of ServiceSource common stock, par value $0.0001 per share, was converted into the right to receive $1.50 in cash, without interest (the "Merger Consideration").
(Continued from Footnote 2) Pursuant to the Merger Agreement each RSU that was outstanding immediately prior to the effective time of the Merger was automatically assumed by Parent and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the total number of shares of ServiceSource common stock underlying such RSU multiplied by (ii) the Merger Consideration, plus any dividend equivalent amounts accrued with respect to such RSU which amount shall be payable at the same time as under the terms and conditions of the RSUs.
The shares subject to the option were scheduled to vest in three equal annual installments beginning on September 1, 2020.
Pursuant to the Merger Agreement each outstanding option to purchase ServiceSource common stock (each a "Company Option") that was outstanding immediately prior to the effective time of the Merger automatically vested (if unvested) and was cancelled and, if the exercise price per share of the ServiceSource common stock was less than the Merger Consideration, was converted into the right to receive an amount in cash, without interest, equal to the product of (i) the excess, if any, of (A) the Merger Consideration over (B) the per-share exercise price for such Company Option multiplied by (ii) the total number of shares of ServiceSource common stock underlying such Company Option.
/s/ Megan Fine, by power of attorney
2022-07-20