04/04/2025 | Press release | Distributed by Public on 04/04/2025 17:12
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (right to buy) | $13.3 | 03/31/2025 | A | 397,410(1) | 03/31/2025 | 01/18/2028 | Common Stock | 397,410 | $ 0 | 1,720,945 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Likosar Jeffrey C/O ADT INC. 1501 YAMATO ROAD BOCA RATON, FL 33431 |
Pres Corp Dev & Trans. & CFO |
/s/MaryJon Donnelly, attorney-in-fact | 04/04/2025 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Represents shares of ADT Inc.'s common stock, par value $0.01 ("Common Stock") or stock options to purchase shares of Common Stock, as applicable, that were granted in 2018 subject to performance-based vesting requirements. After assessing a variety of factors, including alignment of holders' incentives with those of a majority of ADT Inc's stockholders, the compensation committee of the Board of Directors of ADT Inc. deemed the performance conditions satisfied with respect to these securities, effective March 31, 2025. |
(2) | Due to a scrivener's error, the original Form 4 filed on April 2, 2025 on behalf of the Reporting Person inadvertently overstated the shares of Common Stock directly held by the Reporting Person, and understated the shares of Common Stock indirectly held by the Reporting Person through JSKC LLC (an LLC of which the Reporting Person is a member and manager), by 434,437 shares. This amendment is being filed to correct the classification of such 434,437 shares from a "direct" holding to an "indirect" holding and to adjust the respective balances in Column 5 of Table I, accordingly. The aggregate number of shares of Common Stock beneficially owned directly and indirectly by the Reporting Person remains unchanged. |
(3) | An LLC of which the reporting person is member and manager. |