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Match Group, Inc. — Director's Dealing 2020
Jul 2, 2020
30682_dirs_2020-07-02_8f0d896e-7c32-49e3-99ce-2a5ae1086774.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Match Group, Inc. (MTCH)
CIK: 0000891103
Period of Report: 2020-06-30
Reporting Person: WINIARSKI GREGG (EVP and GC)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-06-30 | Common Stock, par value $0.001 | D | 34168 | $0.00 | Disposed | 0 | Direct |
| 2020-06-30 | Common Stock, par value $0.001 | A | 73748 | $0.00 | Acquired | 73748 | Direct |
| 2020-06-30 | Common Stock, par value $0.001 | A | 20674 | $0.00 | Acquired | 94422 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-06-30 | Restricted Stock Units | $ | D | 8988 | Disposed | 2024-02-12 | Common Stock, par value $0.001 (8988) | Direct |
| 2020-06-30 | Options to Purchase Common Stock, par value $0.001 | $47.06 | D | 44005 | Disposed | 2023-05-03 | Common Stock, par value $0.001 (44005) | Direct |
| 2020-06-30 | Options to Purchase Common Stock, par value $0.001 | $15.1411 | A | 94980 | Acquired | 2023-05-03 | Common Stock, par value $0.001 (94980) | Direct |
| 2020-06-30 | Options to Purchase Common Stock, par value $0.001 | $71.55 | D | 125000 | Disposed | 2024-03-28 | Common Stock, par value $0.001 (125000) | Direct |
| 2020-06-30 | Options to Purchase Common Stock, par value $0.001 | $23.0205 | A | 269800 | Acquired | 2024-03-28 | Common Stock, par value $0.001 (269800) | Direct |
| 2020-06-30 | Options to Purchase Common Stock, par value $0.001 | $61.68 | D | 100000 | Disposed | 2025-02-11 | Common Stock, par value $0.001 (100000) | Direct |
| 2020-06-30 | Options to Purchase Common Stock, par value $0.001 | $19.845 | A | 215840 | Acquired | 2025-02-11 | Common Stock, par value $0.001 (215840) | Direct |
| 2020-06-30 | Options to Purchase Common Stock, par value $0.001 | $40.37 | D | 100000 | Disposed | 2026-02-10 | Common Stock, par value $0.001 (100000) | Direct |
| 2020-06-30 | Options to Purchase Common Stock, par value $0.001 | $12.9887 | A | 215840 | Acquired | 2026-02-10 | Common Stock, par value $0.001 (215840) | Direct |
| 2020-06-30 | Options to Purchase Common Stock, par value $0.001 | $76.00 | D | 100000 | Disposed | 2027-02-14 | Common Stock, par value $0.001 (100000) | Direct |
| 2020-06-30 | Options to Purchase Common Stock, par value $0.001 | $24.4523 | A | 215840 | Acquired | 2027-02-14 | Common Stock, par value $0.001 (215840) | Direct |
Footnotes
F1: Pursuant to the terms of the transaction agreement, dated as of December 19, 2019 (as amended, the "Transaction Agreement"), by and among the Issuer, Match Group, Inc., IAC Holdings, Inc. ("New IAC"), a direct wholly owned subsidiary of the Issuer, and Valentine Merger Sub LLC, an indirect wholly owned subsidiary of the Issuer, the shares of common stock automatically converted into (i) shares of the Issuer's Class M common stock (which was subsequently renamed Match Group, Inc. common stock) based on the Reclassification Exchange Ratio (as calculated pursuant to the Transaction Agreement) and (ii) shares of New IAC common stock, on a one-for-one basis.
F2: Pursuant to the terms of the Transaction Agreement, shares of pre-separation Match Group, Inc. automatically converted into (i) 1 share of the Issuer's Class M common stock (which was subsequently renamed Match Group, Inc. common stock) and (ii) at the holder's election, either (a) $3.00 per share in cash or (b) 0.0337 of a share of the Issuer's Class M common stock (which was subsequently renamed Match Group, Inc. common stock).
F3: Restricted stock units convert into common stock on a one-for-one basis.
F4: Pursuant to the terms of the Transaction Agreement, the restricted stock units automatically converted into restricted stock units of New IAC corresponding to shares of New IAC's common stock, on a basis that preserves the fair market value of such awards immediately before and immediately after the conversion.
F5: Pursuant to the terms of the Transaction Agreement, each option automatically converted into (i) an option to purchase shares of common stock of New IAC and (ii) an option to purchase shares of the Issuer's Class M common stock (which was subsequently renamed Match Group, Inc. common stock), each in a manner that preserved the spread value of the options immediately before and immediately after the adjustment, with the allocation between the two options based on the value of a share of New IAC common stock relative to the value of a share of the Issuer's common stock multiplied by the Reclassification Exchange Ratio (as calculated pursuant to the Transaction Agreement).
F6: Represents stock options that vested/vest in 4 equal installments on May 3, 2014, 2015, 2016 and 2017, subject to continued service.
F7: Represents stock options that vested/vest in 4 equal installments on February 11, 2015, 2016, 2017 and 2018, subject to continued service.
F8: Represents stock options that vested/vest in 4 equal installments on February 11, 2016, 2017, 2018 and 2019, subject to continued service.
F9: Represents stock options that vested/vest in 4 equal installments on February 10, 2017, 2018, 2019 and 2020, subject to continued service.
F10: Represents stock options that vested/vest in 4 equal installments on February 14, 2018, 2019, 2020 and 2021, subject to continued service.