CASCADE BANCORP 4
4 · CASCADE BANCORP · Filed Jun 1, 2017
Insider Transaction Report
Form 4
CASCADE BANCORPCACB
Lee Daniel J
Chief Credit Officer
Transactions
- Disposition to Issuer
Stock Options (right to buy)
2017-05-30$2.75/sh−250,000$687,500→ 0 totalExercise: $4.79Exp: 2025-02-03→ Common Stock (250,000 underlying) - Disposition to Issuer
Common Stock
2017-05-30−173,918→ 0 total - Disposition to Issuer
Common Stock
2017-05-30−7,000→ 0 total(indirect: By Spouse)
Footnotes (3)
- [F1]Pursuant to the Merger Agreement (defined below), each outstanding share of common stock of the Issuer (defined below) was converted into the right to receive $1.91 in cash plus 0.14864 shares of First Interstate Class A common stock. First Interstate Class A common stock had a closing market value of $34.30 on the date of the merger.
- [F2]The stock options will vest as follows: fifty percent (50%) on February 3, 2018, twenty-five percent (25%) on February 3, 2019, and twenty-five percent (25%) on February 3, 2020.
- [F3]Pursuant to the Merger Agreement, each outstanding option to acquire common stock of the Issuer was cancelled in exchange for the right to receive cash in an amount equal to (i) the difference between $7.54 and the exercise price of such option multiplied by (ii) the number of shares of Cascade common stock subject to such option.