Lynne Doherty McDonald - 27 Jul 2021 Form 4 Insider Report for McAfee Corp. (MCFE)

Role
Officer
Signature
/s/ Jared Ross, as Attorney-in-Fact
Issuer symbol
MCFE
Transactions as of
27 Jul 2021
Net transactions value
-$1,361,304
Form type
4
Filing time
29 Jul 2021, 17:41:17 UTC
Previous filing
02 Jul 2021
Next filing
01 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCFE Class A Common Stock Disposed to Issuer $1,361,304 -51,800 -12% $26.28 365,712 27 Jul 2021 Direct F1
transaction MCFE Class A Common Stock Disposed to Issuer -221,843 -61% 143,869 27 Jul 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MCFE Management Incentive Units Disposed to Issuer -1,674,412 -69% 761,092 27 Jul 2021 Class A Common Stock 1,674,412 $6.14 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Lynne Doherty McDonald is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Reflects withholding of shares of the Issuer's Class A common stock upon vesting of RSUs to satisfy the Reporting Person's tax withholding obligation, based on the last reported sale price of the Issuer's Class A common stock on July 27, 2021.
F2 Reflects forfeited unearned/unvested RSUs as a result of the divestiture of the Registrant's Enterprise business (the "Enterprise Divestiture") on July 27, 2027.
F3 Reflects unearned/unvested MIUs forfeited as a result of the Enterprise Divestiture.
F4 Reflects Management Incentive Units of Foundation Technology Worldwide LLC ("MIUs") which are profits interests that are economically similar to stock-settled stock options. Vested MIUs are exchangeable, at the holder's election, for a number of shares of Class A Common Stock equal in value to the "spread value" represented by the excess of the value of shares of Class A Common Stock at the time of exchange above the "return threshold" associated with the MIUs, multiplied by the number of MIUs being exchanged. The number reflected in Table II reflects the number of MIUs held by the Reporting Person. The MIUs do not have an expiration date.