STONEGATE MORTGAGE CORP 4
4 · STONEGATE MORTGAGE CORP · Filed May 31, 2017
Insider Transaction Report
Form 4
Mirro Richard A.
Director
Transactions
- Disposition to Issuer
Common Stock
2017-05-31$8.00/sh−28,354$226,832→ 0 total - Disposition to Issuer
Stock Option (right to buy Common Stock)
2017-05-31$4.03/sh−101,494$409,021→ 0 totalExercise: $3.97Exp: 2022-03-09→ Common Stock (101,494 underlying)
Footnotes (3)
- [F1]Consists of 28,354 restricted stock units of Stonegate Mortgage Corporation ("Stonegate") (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 Stonegate RSU was converted into the right to receive an amount in cash equal to the product of (i) the number of shares of common stock of Stonegate, par value $0.01 per share ("Stonegate Common Stock"), subject to such Stonegate RSU immediately prior to completion of the merger and (ii) $8.00 in cash (the "Merger Consideration"), less applicable tax withholdings.
- [F3]Each option to buy Stonegate Common Stock (each, a "Stonegate Stock Option"), whether vested or unvested, upon completion of the merger 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 Stock Option immediately prior to completion of the merger and (ii) the excess, if any, of (A) the Merger Consideration over (B) the exercise price per share of Stonegate Common Stock subject to such Stonegate Stock Option, less applicable tax withholdings.