4//SEC Filing
SHAPIRO MARC J 4
Accession 0000899243-18-027857
CIK 0001614184other
Filed
Oct 30, 8:00 PM ET
Accepted
Oct 31, 6:56 PM ET
Size
7.0 KB
Accession
0000899243-18-027857
Insider Transaction Report
Form 4
SHAPIRO MARC J
Other
Transactions
- Other
Class A Common Stock, par value $0.01 per share
2018-10-29$20.86/sh+98,052$2,045,365→ 204,264 total(indirect: See footnote)
Holdings
- 147,261
Class A Common Stock, par value $0.01 per share
Footnotes (3)
- [F1]Represents the substitutions of certain assets into two grantor retrained annuity trusts ("GRAT") in return for an interest in the Shapiro CBS Partnership and corresponding beneficial ownership of a portion of the Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), held by the Shapiro CBS Partnership, such portion equivalent to 98,052 shares of Class A Common Stock, half of which the Reporting Person previously owned indirectly as the sole trustee and annuitant of the GRAT and half of which the reporting person previously owned indirectly as the sole trustee of a GRAT of which his wife was the sole annuitant (the "Substitutions"). The Substitutions resulted in a reduction of shares of Class A Common Stock owned indirectly through the GRATs but did not change the number of shares of Class A Common Stock owned through the Shapiro CBS Partnership.
- [F2]Amounts reported as beneficially owned reflect that, following the Substitutions, an interest in the Shapiro CBS Partnership, and corresponding beneficial ownership of a portion of the Class A Common Stock equivalent to 98,052 shares of Class A Common Stock in the aggregate, was transferred to two new 2018 GRATs in transactions that only resulted in a change of beneficial ownership and are exempt under Rule 16a-13.
- [F3]The Reporting Person has voting and investment control of all Class A Common Stock held by the Shapiro CBS Partnership and may be deemed to be a beneficial owner of such shares.
Documents
Issuer
Cadence Bancorporation
CIK 0001614184
Entity typeother
Related Parties
1- filerCIK 0001179585
Filing Metadata
- Form type
- 4
- Filed
- Oct 30, 8:00 PM ET
- Accepted
- Oct 31, 6:56 PM ET
- Size
- 7.0 KB