STONEGATE MORTGAGE CORP 4
4 · STONEGATE MORTGAGE CORP · Filed May 31, 2017
Insider Transaction Report
Form 4
Landes Steve
Director, National Sales
Transactions
- Disposition to Issuer
Common Stock
2017-05-31$8.00/sh−276,091$2,208,728→ 0 total - Disposition to Issuer
Stock Option (right to buy Common Stock)
2017-05-31−89,722→ 0 totalExercise: $18.00Exp: 2023-05-15→ Common Stock (89,722 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated January 26, 2017 (the "Merger Agreement"), among Stonegate Mortgage Corporation ("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, par value $0.01 per share ("Stonegate Common Stock"), held by the reporting person was converted into the right to receive $8.00 in cash (the "Merger Consideration").
- [F2]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.