Cook Patricia 4
4 · Finance of America Companies Inc. · Filed Mar 8, 2022
Insider Transaction Report
Form 4
Cook Patricia
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Class A Common Stock
2022-03-04−56→ 0 total(indirect: By Corp) - Exercise/Conversion
Class A Common Stock
2022-03-04+56→ 56 total(indirect: By Corp) - Exercise/Conversion
LLC Units of Finance of America Equity Capital LLC
2022-03-04−56→ 407,027 total(indirect: By Corp)→ Class A Common Stock (56 underlying)
Holdings
- 159,281
Class A Common Stock
Footnotes (3)
- [F1]Pursuant to the terms of an exchange agreement, dated as of April 1, 2021, limited liability company units of Finance of America Equity Capital LLC ("FOA Units") held by the Reporting Person are exchangeable for shares of the Issuer's Class A common stock ("Class A Common Stock") on a one-for-one basis. These exchange rights do not expire.
- [F2]Pursuant to the LTIP Award Settlement Agreement (the "LTIP Award Settlement Agreement"), dated as of October 12, 2020, by and among the Issuer, the Reporting Person and certain equityholders of the Issuer and Finance of America Equity Capital LLC, such equityholders are obligated to deliver a number of shares of Class A Common Stock (either held or acquired upon conversion of FOA Units) to the Issuer in connection with the settlement of awards of restricted stock units granted by the Issuer. On March 4, 2022, in connection with the Issuer's settlement of certain restricted stock units into shares of Class A Common Stock, the Reporting Person converted certain FOA Units and delivered certain shares of Class A Common Stock to the Issuer pursuant to the LTIP Award Settlement Agreement.
- [F3]The Reporting Person previously reported beneficially owning FOA Units indirectly through ownership of limited liability company units of UFG Management Holdings LLC. In connection with an internal restructuring, UFG Management Holdings LLC dissolved, distributing all of the FOA Units held by it to its equity owners in a pro rata in-kind distribution, and the Reporting Persons now owns such FOA Units indirectly through a wholly-owned corporation.