Jeffrey C. Smith - Oct 1, 2022 Form 4 Insider Report for Cyxtera Technologies, Inc. (CYXTQ)

Role
Director, 10%+ Owner
Signature
/s/ Jeffrey C. Smith
Stock symbol
CYXTQ
Transactions as of
Oct 1, 2022
Transactions value $
$0
Form type
4
Date filed
10/4/2022, 04:48 PM
Previous filing
Aug 30, 2022
Next filing
Nov 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYXTQ Class A Common Stock Options Exercise +3.27K 3.27K Oct 1, 2022 Direct F1
holding CYXTQ Class A Common Stock 20.8M Oct 1, 2022 By Starboard Value LP F2

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 CYXTQ Restricted Stock Unit Options Exercise $0 -3.27K -13.88% $0.00 20.3K Oct 1, 2022 Class A Common Stock 3.27K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A common stock.
F2 Starboard Value LP ("Starboard") serves as the investment manager or manager of certain managed accounts and private investment funds (collectively, the "Starboard Accounts"), which hold the securities reported herein and as such may be deemed to beneficially own such securities. The Reporting Person, as a Managing Member of Starboard, may be deemed to beneficially own the securities directly held by the Starboard Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F3 The 3,273 RSUs vested on October 1, 2022 and had no expiration date.
F4 Other RSUs also have no expiration and vest one year after grant.

Remarks:

The Reporting Person also owns a partial pecuniary interest in SVAC Sponsor LLC through his interest in the Starboard Accounts.