0001415889-22-007819.txt : 20220720 0001415889-22-007819.hdr.sgml : 20220720 20220720162247 ACCESSION NUMBER: 0001415889-22-007819 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: Lyne Chad William CENTRAL INDEX KEY: 0001831406 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35108 FILM NUMBER: 221094460 MAIL ADDRESS: STREET 1: C/O SERVICESOURCE INTERNATIONAL, INC. STREET 2: 707 17TH STREET, 25TH FLOOR CITY: DENVER STATE: CO ZIP: 80202 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_010737.xml X0306 4 2022-07-20 1 0001310114 CONCENTRIX SERVICESOURCE INC. SREV 0001831406 Lyne Chad William C/O SERVICESOURCE INTERNATIONAL, INC. 707 17TH STREET, 25TH FLOOR DENVER CO 80202 false true false false CFO Common Stock 2022-07-20 4 D 0 621337 1.50 D 0 D Option 0.92 2022-07-20 4 D 0 150000 0.58 D 2029-09-01 Common Stock 150000 0 D This amount includes 404,165 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 by an individual who is not a continuing employee after the effective time of the Merger automatically vested (if unvested) and was cancelled 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. One-third of the shares subject to the option vested on September 1, 2020 and one twenty-fourth of the remaining shares subject to the option vest monthly thereafter. 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