Emc stock blackout11/20/2023 ![]() ![]() ![]() Yes, you are free to buy or sell EMC shares as you wish. Will there be an option to defer payment of the cash and tracking stock that I receive for my accelerated EMC Restricted Stock Units or EMC Stock Options? There is no difference in treatment between shares you purchased before or after October 12. Now and close will receive the cash and tracking stock as announced in the merger consideration. The time of the deal close? Or, did I need to have those shares in hand prior to October 12?Īny EMC Corporation stock purchases you make between If I have purchased stock after the announcement of the EMC-Dell agreement on October 12, 2015, will I get the cash and tracking stock announced at Two stocks may not be directly correlated and the expected value of the tracking stock consideration may fluctuate based on a number of factors, including changes in the value of VMware common stock. Note that we expect investors to look to the VMware Class A common stock as a relevant benchmark for the tracking stock. Once those shares are issued, however, the consideration payable in respect of such shares upon the close of the transaction will be unaffected by changes in the market price of EMC common stock or VMware common stock. The closing price of EMC common stock on the last trading day before the merger is completed will be used to determine the number of net EMC shares to be issued upon exercise of your EMC stock Market price of EMC common stock or VMware common stock.ĮMC stock options. Similarly, the consideration payable to holders of restricted stock units upon the close of the transaction will be unaffected by changes in the Subject to change as a result of changes in the market price of EMC common stock or VMware common stock. The amount ofĬash per share of EMC common stock and number of shares of tracking stock to be received by EMC shareholders as consideration upon the close of the transaction were fixed at the time of signing the definitive agreement with Denali and are not Parent company of Dell. Based on the number of EMC shares estimated to be outstanding at the close of the transaction, EMC shareholders are expected to receive approximately 0.111 shares of the tracking stock for each EMC share. The merger consideration for each EMC share will be $24.05 in cash and shares of a newly issued Class V common stock security (the tracking stock) of Denali, the The following questions and answers were made available on the EMC Corporation employeeĭoes the market price of EMC common stock and VMware common stock impact the amount of cash and tracking stock that EMC shareholdersĮMC common stock and restricted stock units. ![]() Number, or the Form or Schedule and the date of its filing.įorm, Schedule or Registration Statement No.: Identify the previous filing by registration statement Proposed maximum aggregate value of the transaction:įee paid previously with preliminary materials.Ĭheck box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Per unit price or other underlying value of the transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): Title of each class of securities to which the transaction applies:Īggregate number of securities to which the transaction applies: Payment of Filing Fee (Check the appropriate box):įee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (Name of Person(s) Filing Proxy Statement, if other than the Registrant) (Name of Registrant as Specified in Its Charter) ![]() Statement Pursuant to Section 14(a) of theįiled by a Party other than the Registrant ¨Ĭonfidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ![]()
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