JOHN HATEM - 25 Mar 2022 Form 4 Insider Report for CyrusOne Inc. (CONE)

Role
EVP & COO
Signature
/s/ Robert M. Jackson, Attorney-in-fact
Issuer symbol
CONE
Transactions as of
25 Mar 2022
Transactions value $
$0
Form type
4
Filing time
25 Mar 2022, 16:28:24 UTC
Previous filing
22 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CONE Common Stock Disposed to Issuer -15,021 -100% 0 25 Mar 2022 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 CONE LTIP Units Award +33,228 +700% 37,975 25 Mar 2022 Common Stock 33,228 Direct F2
transaction CONE LTIP Units Disposed to Issuer -37,975 -100% 0 25 Mar 2022 Common Stock 37,975 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of November 14, 2021 (the "Merger Agreement"), by and among CyrusOne Inc., a Maryland corporation (the "Company"), Cavalry Parent L.P., a Delaware limited partnership ("Parent"), and Cavalry Merger Sub LLC, a Delaware limited liability company and a wholly-owned subsidiary of Parent, at the effective time of the merger (the "Effective Time"), each outstanding restricted stock unit was canceled and converted into the right to receive a restricted cash payment, without interest, equal to $90.50 (the "Merger Consideration"), plus the amount of any accrued dividend equivalents on such stock unit that remained unpaid at the Effective Time, which will be subject to the same vesting terms and conditions as the underlying stock unit.
F2 Represents vesting of LTIP Units in the Company's operating partnership, CyrusOne L.P., at the maximum level in accordance with the terms of the Merger Agreement.
F3 Pursuant to the Merger Agreement, at the Effective Time, each outstanding LTIP Unit was canceled and converted into the right to receive a lump-sum cash payment, without interest, equal to the product of the number of shares of Common Stock into which such LTIP Unit was convertible and the Merger Consideration, plus the amount of any declared distributions with respect to such LTIP Unit that remain unpaid at the Effective Time.