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CLARIVATE PLC — Director's Dealing 2021
Dec 21, 2021
31500_dirs_2021-12-21_08c76db0-94c6-4d35-8db0-c815d65728fc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CLARIVATE Plc (CLVT)
CIK: 0001764046
Period of Report: 2021-12-20
Reporting Person: Samson James Gordon (President, IP Group)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-20 | Ordinary Shares | M | 41721.60 | — | Acquired | 946154.60 | Direct |
| 2021-12-20 | Ordinary Shares | D | 41721.60 | $23.7795 | Disposed | 904433 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-12-20 | Phantom Shares | $0.0 | M | 15509 | Disposed | Ordinary Shares (41721.6) | Direct |
Footnotes
F1: Represents phantom awards (the "Phantom Shares") granted to the reporting person under the CPA Global Employee Phantom Share Plan (the "Phantom Plan"), which vested on October 1, 2021. Each Phantom Share is the equivalent of approximately 2.7 ordinary shares of the Issuer and entitle the reporting person to a cash payment equal to the weighted average sale price of all ordinary shares of the Issuer held by Capri Acquisition Topco Limited ("Capri TopCo"), or by an employee benefit trust on behalf of the reporting person, with respect to all Phantom Shares awarded under the Phantom Plan, multiplied by the number of ordinary shares of the Issuer underlying the reporting person's Phantom Shares.
F2: Represents the settlement of Phantom Shares held by the reporting person, as described in more detail in footnote 1, for cash.
F3: The reporting person's Form 3, filed on July 14, 2021, reported the Phantom Shares as indirectly held by Capri Topco. While the ordinary shares of the Issuer underlying the Phantom Shares were held by Capri TopCo, or by an employee benefit trust on behalf of the reporting person, the reporting person directly holds the Phantom Shares.