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CUSIP No. 564563 10 4 | | 13G/A | | Page 4 of 5 |
Shares reported as beneficially owned by the reporting person include (1) 1,561,760 shares of Class B Common Stock held directly by the reporting person; (2) 2,195,157 shares of Class A Common Stock held directly by the reporting person; (3) 33,767 shares of Class B Common Stock held by the ManTech Special Assistance Fund, Inc., a fund over which the reporting person has voting and investment control and as to which the reporting person disclaims beneficial ownership; and (4) 1,168 shares of Class B Common Stock held by the reporting person’s wife, Marilyn A. Pedersen, and as to which the reporting person disclaims beneficial ownership. The Class B Common Stock reported on this form as beneficially owned by the reporting person constitutes 100% of the outstanding Class B Common Stock.
On March 28, 2022, the reporting person converted 11,580,000 shares of Class B Common Stock into 11,580,000 shares of Class A Common Stock.
On March 29, 2022, the reporting person sold (1) 2,773,389 shares of Class A common stock to The Pedersen GST 2022 Trust (the “GST”), of which the reporting person is the grantor, the reporting person’s daughter, Jennifer A. Warren, is the trustee and the reporting person’s children and their descendants are the beneficiaries, and (2) 6,611,454 shares of Class A common stock to The Pedersen Nonexempt 2022 Trust (the “PNT”), of which the reporting person is the grantor, Ms. Warren is the trustee and the reporting person’s children and their descendants are the beneficiaries. The shares were sold to the GST and PNT at a price of $79.3253 and $77.758 per share, respectively, which prices were determined based on the opinion of an independent valuation firm and reflect a discount to the market price given the large blocks of shares sold and other factors. The GST paid $22,000,000 in cash and executed a promissory note in the aggregate principal amount of $197,999,984 for the shares. The PNT paid $51,409,330 in cash and marketable securities, and executed a promissory note in the aggregate principal amount of $462,683,945 for the shares. The amounts reported herein are subject to adjustment based on further review by the valuation firm.
Item 5. | Ownership of Five Percent or Less of a Class. |
Not applicable.
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not applicable.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not applicable.
Item 8. | Identification and Classification of Members of the Group. |
Not applicable.
Item 9. | Notice of Dissolution of Group. |
Not applicable.
Not applicable.