VINCENT C. KLINGES - 04 Apr 2025 Form 4 Insider Report for LOGILITY SUPPLY CHAIN SOLUTIONS, INC (LGTY)

Role
CFO
Signature
/s/ Nakesha Sewell via Power of Attorney
Issuer symbol
LGTY
Transactions as of
04 Apr 2025
Transactions value $
$0
Form type
4
Filing time
04 Apr 2025, 17:44:29 UTC
Previous filing
10 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LGTY Common Stock Disposed to Issuer -100,838 -100% 0 04 Apr 2025 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 LGTY Stock Option Disposed to Issuer -150,000 -100% 0 04 Apr 2025 Common Stock 150,000 $22.00 Direct F2
transaction LGTY Stock Option Disposed to Issuer -150,000 -100% 0 04 Apr 2025 Common Stock 150,000 $16.00 Direct F2
transaction LGTY Stock Option Disposed to Issuer -100,000 -100% 0 04 Apr 2025 Common Stock 100,000 $15.56 Direct F2
transaction LGTY Stock Option Disposed to Issuer -85,000 -100% 0 04 Apr 2025 Common Stock 85,000 $14.55 Direct F2
transaction LGTY Stock Option Disposed to Issuer -150,000 -100% 0 04 Apr 2025 Common Stock 150,000 $11.40 Direct F3
transaction LGTY Stock Option Disposed to Issuer -150,000 -100% 0 04 Apr 2025 Common Stock 150,000 $11.32 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

VINCENT C. KLINGES is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On April 4, 2025, pursuant to the Agreement and Plan of Merger, dated January 24, 2025 (the "Merger Agreement"), by and among Aptean, Inc. ("Parent"), Update Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), and Logility Supply Chain Solutions, Inc. (the "Company"), Merger Sub merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each share of the Company's common stock ("Common Stock") reported on this Form 4 was converted automatically into the right to receive $14.30 in cash, without interest. Also pursuant to the Merger Agreement, at the Effective Time, each outstanding Company restricted stock unit, whether vested or unvested, was cancelled and converted into the right to receive $14.30 in cash, without interest, subject to applicable tax withholding.
F2 At the Effective Time, each outstanding Company stock option which had a per share exercise price equal to or greater than $14.30 was cancelled for no consideration.
F3 At the Effective Time, each outstanding Company stock option which had a per share exercise price less than $14.30 was cancelled and converted into the right to receive an amount of cash equal to the product of (i) the total number of shares of Common Stock subject to such stock option multiplied by (ii) the excess of $14.30 over the applicable per share exercise price, subject to applicable tax withholding.