4//SEC Filing
CASCADE BANCORP 4
Accession 0000899243-17-014983
CIK 0000865911operating
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 3:52 PM ET
Size
10.3 KB
Accession
0000899243-17-014983
Insider Transaction Report
Form 4
CASCADE BANCORPCACB
Zink Terry E
DirectorCEO
Transactions
- Disposition to Issuer
Stock Options (right to buy)
2017-05-30$2.75/sh−1,500,000$4,125,000→ 0 totalExercise: $4.79Exp: 2025-02-03→ Common Stock (1,500,000 underlying) - Disposition to Issuer
Common Stock
2017-05-30−254,831→ 0 total - Disposition to Issuer
Stock Options (right to buy)
2017-05-30$1.59/sh−19,412$30,865→ 0 totalExercise: $5.95From: 2014-02-13Exp: 2022-02-13→ Common Stock (19,412 underlying)
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.
Documents
Issuer
CASCADE BANCORP
CIK 0000865911
Entity typeoperating
IncorporatedOR
Related Parties
1- filerCIK 0000865911
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 3:52 PM ET
- Size
- 10.3 KB