SEC Info - Wise R Halsey - ‘4’ for 5/16/22 re: Aspentech Corp.

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^*

WISE R HALSEY

(Last)

(First)

(Middle)

C/O ASPEN TECHNOLOGY, INC.

20 CROSBY DRIVE

(Street)

BEDFORD

01730

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ASPENTECH Corp [ AZPN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
5/16/22

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	5/16/22		D ⁽¹⁾		7,861	D	⁽²⁾	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Director Stock Option (Right to Buy)	$42.34	5/16/22		D ⁽¹⁾			3,936	⁽³⁾	7/20/26	Common Stock	3,936	⁽⁴⁾ ⁽⁵⁾	0	D
Director Stock Option (Right to Buy)	$63.25	5/16/22		D ⁽¹⁾			2,823	⁽⁶⁾	8/31/27	Common Stock	2,823	⁽⁴⁾ ⁽⁵⁾	0	D
Director Stock Option (Right to Buy)	$115.36	5/16/22		D ⁽¹⁾			1,605	⁽⁷⁾	9/3/28	Common Stock	1,605	⁽⁴⁾ ⁽⁵⁾	0	D
Director Stock Option (Right to Buy)	$133.2	5/16/22		D ⁽¹⁾			1,444	⁽⁸⁾	9/2/29	Common Stock	1,444	⁽⁴⁾ ⁽⁵⁾	0	D
Director Stock Option (Right to Buy)	$130.51	5/16/22		D ⁽¹⁾			1,474	⁽⁹⁾	12/27/30	Common Stock	1,474	⁽⁴⁾ ⁽⁵⁾	0	D
Director Stock Option (Right to Buy)	$129.5	5/16/22		D ⁽¹⁾			1,531	⁽¹⁰⁾	8/31/31	Common Stock	1,531	⁽⁴⁾ ⁽⁵⁾	0	D

Explanation of Responses:

(1) On May 16, 2022, the closing of the transactions contemplated by the Transaction Agreement and Plan of Merger, dated as of October 10, 2021, as amended, among Aspen Technology, Inc. ("AspenTech"), Emerson Electric Co., Emersub CX, Inc., ("New AspenTech") and certain other parties, occurred, pursuant to which AspenTech merged with a wholly owned subsidiary of New AspenTech (the "Merger"). Pursuant to the Merger, AspenTech became a wholly owned subsidiary of New AspenTech.

(2) At the effective time of the Merger (the "Effective Time"), each outstanding share of the AspenTech common stock (other than certain excluded shares) automatically converted into the right to receive $87.6] in cash (the "Cash Consideration"), plus 0.42 of a validly issued, fully paid and nonassessable share of New AspenTech.

(3) One-third of the option granted at the exercise price of $42.34 will vest on the first anniversary of the grant date and the remainder will vest in eight equal consecutive quarterly installments on the last business day of the quarter until fully vested.

(4) Each converted equity award described herein shall be subject to the same terms and conditions (including vesting and expiration schedule, as applicable) as applied to the corresponding AspenTech equity award as of immediately prior to the Effective Time.

(5) Each AspenTech stock option ("AspenTech Stock Option") outstanding immediately prior to the Effective Time was cancelled and assumed by New AspenTech and converted into the right to receive a New AspenTech stock option ("Converted Option") covering that number of shares of New AspenTech common stock, rounded down to the nearest whole share, equal to the product of (i) the number of shares of AspenTech common stock underlying the corresponding AspenTech Stock Option as of immediately prior to the Effective Time multiplied by (ii) the Aspen Equity Award Exchange Ratio. The exercise price applicable to each Converted Option shall be equal to (i) the exercise price per share of AspenTech common stock applicable to the corresponding AspenTech Stock Option as of immediately prior to the Effective Time divided by (ii) the Aspen Equity Award Exchange Ratio, rounded up to the nearest whole cent.

(6) The option granted at the exercise price of $63.25 was fully vested on the date of grant.

(7) The option granted at the exercise price of $115.36 was fully vested on the date of grant.

(8) The option granted at the exercise price of $133.20 was fully vested on the date of grant.

(9) The option granted at the exercise price of $130.51 was fully vested on the date of grant.

(10) The option granted at the exercise price of $129.50 was fully vested on the date of grant.

	/s/ Frederic G. Hammond, attorney-in-fact for Mr. Wise	5/18/22
	** 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).
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____________ Transaction Code:
D	Disposition to the Issuer of Issuer equity securities pursuant to Rule 16b-3(e).

Wise R Halsey – ‘4’ for 5/16/22 re: Aspentech Corp.

On: Wednesday, 5/18/22, at 4:57pm ET · For: 5/16/22 · Accession #: 1127602-22-14982 · File #: 1-34630

Previous ‘4’: ‘4’ on 5/13/22 for 5/12/22 · Next & Latest: ‘4’ on 6/9/22 for 6/7/22

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents

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Wise R Halsey – ‘4’ for 5/16/22 re: Aspentech Corp.

On: Wednesday, 5/18/22, at 4:57pm ET · For: 5/16/22 · Accession #: 1127602-22-14982 · File #: 1-34630

Previous ‘4’: ‘4’ on 5/13/22 for 5/12/22 · Next & Latest: ‘4’ on 6/9/22 for 6/7/22

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents