STONEGATE MORTGAGE CORP 4
4 · STONEGATE MORTGAGE CORP · Filed May 31, 2017
Insider Transaction Report
Form 4
Macke John F.
EVP - Capital Markets
Transactions
- Disposition to Issuer
Common Stock
2017-05-31$8.00/sh−20,000$160,000→ 0 total - Disposition to Issuer
Stock Option (right to buy Common Stock)
2017-05-31−80,750→ 0 totalExercise: $18.00Exp: 2023-05-15→ Common Stock (80,750 underlying)
Footnotes (4)
- [F1]Includes 6,667 shares of Stonegate Mortgage Corporation ("Stonegate") common stock, par value $0.01 per share ("Stonegate Common Stock") and 13,333 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.
- [F4]Pursuant to the Merger Agreement, any stock option with an exercise price per share of Stonegate Common Stock that was greater than or equal to the Merger Consideration was cancelled upon completion of the merger as contemplated by the Merger Agreement for no consideration or payment.