0001209191-15-080127.txt : 20151113
0001209191-15-080127.hdr.sgml : 20151113
20151113200248
ACCESSION NUMBER: 0001209191-15-080127
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20151112
FILED AS OF DATE: 20151113
DATE AS OF CHANGE: 20151113
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: XOOM Corp
CENTRAL INDEX KEY: 0001315657
STANDARD INDUSTRIAL CLASSIFICATION: FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC [6099]
IRS NUMBER: 943401054
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 425 MARKET STREET 12TH FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
BUSINESS PHONE: 415-660-1089
MAIL ADDRESS:
STREET 1: 425 MARKET STREET 12TH FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
FORMER COMPANY:
FORMER CONFORMED NAME: XOOM CORP
DATE OF NAME CHANGE: 20050127
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: King Julian
CENTRAL INDEX KEY: 0001554601
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35801
FILM NUMBER: 151230763
MAIL ADDRESS:
STREET 1: C/O XOOM CORPORATION
STREET 2: 100 BUSH STREET, SUITE 300
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94104
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2015-11-12
1
0001315657
XOOM Corp
XOOM
0001554601
King Julian
C/O XOOM CORPORATION
425 MARKET ST., 12TH FLOOR
SAN FRANCISCO
CA
94105
0
1
0
0
Senior Vice President
Common Stock
2015-11-12
4
D
0
16656
25.00
D
0
D
Stock Option (Right to Buy)
1.00
2015-11-12
4
D
0
5657
0.00
D
2018-04-24
Common Stock
5657
0
D
Stock Option (Right to Buy)
4.48
2015-11-12
4
D
0
147500
0.00
D
2020-04-20
Common Stock
147500
0
D
Stock Option (Right to Buy)
6.84
2015-11-12
4
D
0
140000
0.00
D
2022-03-15
Common Stock
140000
0
D
Stock Option (Right to Buy)
26.52
2015-11-12
4
D
0
200000
0.00
D
2024-01-16
Common Stock
200000
0
D
Stock Option (Right to Buy)
15.71
2015-11-12
4
D
0
90000
0.00
D
2025-02-09
Common Stock
90000
0
D
Performance Stock Units
0.00
2015-11-12
4
D
0
36900
0.00
D
Common Stock
36900
0
D
Disposed of pursuant to a merger agreement between the Issuer, PayPal, Inc., Timer Acquisition Corp., and PayPal Holdings, Inc., dated July 1, 2015 (the "Merger Agreement") in exchange for a cash payment of $25.00 per share, without interest and less applicable withholding taxes.
This option, which provided for vesting in installments from April 24, 2008 to April 24, 2012 at 1/48th monthly with a one-year cliff, was cancelled, terminated and extinguished pursuant to the Merger Agreement in exchange for a cash payment in the amount by which the per share merger price of $25.00 exceeded the exercise price of the option as of the effective time of the merger, without interest and less applicable withholding taxes.
This option, which provided for vesting in installments from April 20, 2010 to April 20, 2015 at 1/60th monthly with a one-year cliff, was cancelled, terminated and extinguished pursuant to the Merger Agreement in exchange for a cash payment in the amount by which the per share merger price of $25.00 exceeded the exercise price of the option as of the effective time of the merger, without interest and less applicable withholding taxes.
This option, which provided for immediate exercisability as of the grant date with vesting in five annual installments from March 15, 2012, was cancelled pursuant to the Merger Agreement. The vested portion of the option for 84,000 shares was cancelled, terminated and extinguished in exchange for a cash payment in the amount by which the per share merger price of $25.00 exceeded the exercise price of the option as of the effective time of the merger, without interest and less applicable withholding taxes. The unvested portion of the option for 56,000 shares was cancelled, terminated and converted into an option to purchase 38,117 shares of PayPal Holdings, Inc. common stock at $10.05 per share.
This option, which provided for vesting in forty-eight monthly installments from January 16, 2014, was cancelled, terminated and extinguished for no consideration pursuant to the Merger Agreement because the exercise price of such option exceeded the per share merger price of $25.00.
This option, which provided for vesting in forty-eight monthly installments from January 29, 2015, was cancelled pursuant to the Merger Agreement. The vested portion of the option for 16,874 shares was cancelled, terminated and extinguished in exchange for a cash payment in the amount by which the per share merger price of $25.00 exceeded the exercise price of the option as of the effective time of the merger, without interest and less applicable withholding taxes. The unvested portion of the option for 73,126 shares was cancelled, terminated and converted into an option to purchase 49,774 shares of PayPal Holdings, Inc. common stock at $23.09 per share.
This grant of performance stock units, which provided for vesting in three annual installments after January 29, 2015 subject to certain
performance-based milestones, was assumed by PayPal Holdings, Inc. pursuant to the Merger Agreement. The grant was converted to a grant of restricted stock units that converted to 25,115 shares of PayPal Holdings, Inc. common stock with continued time-based vesting requirements.
/s/ Christopher G. Ferro, Attorney-in-Fact
2015-11-13