SEC Form 4: Mukhtar Ahmed exercised 237,845 units of Ordinary Shares at a strike of $8.55, disposed of $2,033,973 worth of Ordinary Shares (88,656 units at $22.94) and sold $3,430,074 worth of Ordinary Shares (149,189 units at $22.99)
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| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CLARIVATE Plc [ CLVT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/11/2021 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Ordinary Shares | 03/11/2021 | M | 138,743 | A | $6.91 | 189,453 | D | |||
| Ordinary Shares | 03/11/2021 | M | 20,947 | A | $10.85 | 210,400 | D | |||
| Ordinary Shares | 03/11/2021 | F | 9,534(1) | D | $22.76 | 200,866 | D | |||
| Ordinary Shares | 03/11/2021 | F | 1,622(1) | D | $23 | 199,244 | D | |||
| Ordinary Shares | 03/11/2021 | F | 40,918(1) | D | $22.77 | 158,326 | D | |||
| Ordinary Shares | 03/11/2021 | S | 107,616 | D | $22.88(2) | 50,710 | D | |||
| Ordinary Shares | 03/12/2021 | M | 78,155 | A | $10.85 | 128,865 | D | |||
| Ordinary Shares | 03/12/2021 | F | 36,582(1) | D | $23.18 | 92,283 | D | |||
| Ordinary Shares | 03/12/2021 | S | 41,573 | D | $23.28(3) | 50,710 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Options | $6.91 | 03/11/2021 | M | 138,743 | (4) | 03/08/2028 | Ordinary Shares | 138,743 | $0 | 0 | D | ||||
| Stock Options | $10.85 | 03/11/2021 | M | 20,947 | (4) | 03/08/2028 | Ordinary Shares | 20,947 | $0 | 78,155 | D | ||||
| Stock Options | $10.85 | 03/12/2021 | M | 78,155 | (4) | 03/08/2028 | Ordinary Shares | 78,155 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. Represents shares withheld for payment of exercise price. |
| 2. The price is a weighted average price. The prices actually received ranged from $22.52 to $23.22. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. |
| 3. The price is a weighted average price. The prices actually received ranged from $23.045 to $23.66. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range |
| 4. Represents the remaining portion of a March 8, 2018 grant of stock options. The reported stock options became exercisable on November 30, 2020. |
| Remarks: |
| /s/ Stephen Hartman, attorney-in-fact | 03/15/2021 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||