CASCADE BANCORP 4
4 · CASCADE BANCORP · Filed Jun 1, 2017
Insider Transaction Report
Form 4
CASCADE BANCORPCACB
Johnson Dennis L
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2017-05-30$7.54/sh−4,569$34,450→ 0 totalExercise: $0.00→ Common Stock (4,569 underlying) - Disposition to Issuer
Common Stock
2017-05-30−7,779→ 0 total
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]Pursuant to the Restricted Stock Unit Agreement between Mr. Johnson and the Issuer, the restricted stock units were held until Mr. Johnson's retirement or separation from the Issuer's board of directors.
- [F3]Pursuant to the Merger Agreement, each outstanding restricted stock unit of the Issuer was cancelled in exchange for the right to receive cash in an amount equal to (i) $7.54 multiplied by (ii) the number of shares of Cascade common stock subject to such restricted stock unit.