Form Type: 4

SEC EDGAR Link
Accession Number:0000949158-19-000171
Date:2019-09-25
Issuer: CRAY INC (CRAY)
Original Submission Date:

Reporting Person:

BANERJEE PRITHVIRAJ
C/O CRAY INC., 901 FIFTH AVENUE
SUITE 1000 SEATTLE, WA 98164

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-09-25 D 18,723 d $35.00 0 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTION (RIGHT TO BUY) 21.16 2019-09-25 deemed execution date D 20,000 (d) 2023-05-01 common stock 20,000 $21.16 0 direct
Footnotes
IDfootnote
f1 disposed of pursuant to the merger agreement among issuer, canopy merger sub, inc., and hewlett packard enterprise company ("hpe") dated may 16, 2019 (the "merger agreement") for a payment of $35.00 in cash (the "merger consideration") on the closing date of the merger (the "closing date").
f2 the option was 100% vested and exercisable on may 1, 2013.
f3 to the extent vested, the option was cancelled and converted on the closing date into a cash payment equal to the product of (a) the aggregate number of underlying shares multiplied by (b) the excess of the merger consideration over the applicable per share exercise price of such option. to the extent unvested, the option was converted on the closing date into an option to acquire a number of shares of hpe common stock determined in accordance with the formula set forth in the merger agreement.
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