STONEGATE MORTGAGE CORP 4
4 · STONEGATE MORTGAGE CORP · Filed May 31, 2017
Insider Transaction Report
Form 4
MUMPHREY J SCOTT
Director
Transactions
- Disposition to Issuer
Common Stock
2017-05-31$8.00/sh−320,929$2,567,432→ 0 total
Footnotes (3)
- [F1]Includes 292,575 shares of Stonegate Mortgage Corporation ("Stonegate") common stock, par value $0.01 per share ("Stonegate Common Stock"), and 28,354 Stonegate restricted stock units (each, a "Stonegate RSU").
- [F2]Pursuant to the Agreement and Plan of Merger, dated January 26, 2017 (the "Merger Agreement"), among Stonegate, Home Point Financial Corporation and Longhorn Merger Sub, Inc., upon completion of the merger as contemplated by the Merger Agreement, each share of Stonegate Common Stock held by the reporting person was converted into the right to receive $8.00 in cash (the "Merger Consideration").
- [F3]Upon completion of the merger, each Stonegate RSU was converted into the right to receive an amount in cash equal to the product of (i) the number of shares of Stonegate Common Stock subject to such Stonegate RSU immediately prior to completion of the merger and (ii) the Merger Consideration, less applicable tax withholdings.