Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-23-029039
Date:2023-05-12
Issuer: SUMO LOGIC, INC. (SUMO)
Original Submission Date:

Reporting Person:

MCCORD JENNIFER
305 MAIN STREET
REDWOOD CITY, CA 94063

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2023-05-12 D 189,874 d $0.00 0 direct
COMMON STOCK 2023-05-12 D 30,000 d $0.00 0 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTION (RIGHT TO BUY) 3.68 2023-05-12 deemed execution date D 90,000 (d) 2029-02-25 common stock 90,000 $3.68 0 direct
Footnotes
IDfootnote
f1 certain of these shares are represented by previously reported restricted stock units ("rsus"). at the effective time of the merger (the "effective time") each issued and outstanding rsu was cancelled and converted into the right to receive an amount equal to $12.05 in cash (the "per share price"), subject to the terms set forth in the merger agreement. following the effective time, the cash payments relating to the unvested rsus are subject to the reporting person's continued service with the company through the applicable vesting dates that would have otherwise applied to the corresponding rsu.
f2 pursuant to an agreement and plan of merger (the "merger agreement") between serrano parent, serrano merger sub, inc., and sumo logic (the "company"), each issued and outstanding share of the company's common stock was cancelled and converted into the right to receive an amount in cash equal to the per share price.
f3 these shares are held by the jennifer r. and robert t. mccord living trust, dated april 08, 2020, for which the reporting person and the reporting person's spouse serve as co-trustees.
f4 at the effective time, each issued and outstanding stock option was cancelled and converted into the right to receive an amount in cash equal to (x) the per share price, over (y) the exercise price per share of such stock option, subject to the terms set forth in the merger agreement. following the effective time, the cash payments relating to the unvested shares underlying the stock option are subject to the reporting person's continued service with the company through the applicable vesting dates that would have otherwise applied to the corresponding stock option.
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