ROBERT BEARDEN - 08 Oct 2021 Form 4 Insider Report for Cloudera, Inc. (CLDR)

Role
Chief Executive Officer
Signature
/s/ Robert Bearden by David Howard, Attorney-in-Fact
Issuer symbol
CLDR
Transactions as of
08 Oct 2021
Transactions value $
$0
Form type
4
Filing time
13 Oct 2021, 20:58:26 UTC
Previous filing
16 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLDR Common Stock Options Exercise +976,004 +242% 1,379,404 08 Oct 2021 Direct F1
transaction CLDR Common Stock Disposed to Issuer -1,379,404 -100% 0 08 Oct 2021 Direct F1

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 CLDR Restricted Stock Units Options Exercise -976,004 -100% 0 08 Oct 2021 Common Stock 976,004 Direct F1
transaction CLDR Stock Option (right to buy) Disposed to Issuer -438,908 -100% 0 08 Oct 2021 Common Stock 438,908 $3.65 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

ROBERT BEARDEN is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On October 8, 2021, pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 1, 2021, by and among Sky Parent Inc. ("Parent"), Project Sky Merger Sub Inc. ("Merger Sub") and Cloudera, Inc. (the "Company"), Merger Sub merged with and into the Company with the Company surviving the merger, and each restricted stock unit held by the Reporting Person was converted into the right to receive $16.00 in cash (the "Merger Consideration"), subject to any continued vesting conditions in accordance with the terms of the Merger Agreement.
F2 This stock option was fully vested. Pursuant to the Merger Agreement, the stock option was cancelled in exchange for the right to receive a cash payment for each share underlying the stock option equal to the difference between the Merger Consideration and the exercise price per share.