4//SEC Filing
Hilltop Securities Holdings LLC 4
Accession 0000950103-15-000009
CIK 0000878520operating
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 1:08 PM ET
Size
10.5 KB
Accession
0000950103-15-000009
Insider Transaction Report
Form 4
TUBB ALLEN R
Secretary
Transactions
- Disposition to Issuer
Common Stock $.10 Par Value
2015-01-01−37,433→ 10,288 total - Disposition to Issuer
Deferred Compensation Phantom Stock
2015-01-01−655→ 0 total→ Common Stock $.10 Par Value (655 underlying) - Disposition to Issuer
Common Stock $.10 Par Value
2015-01-01−10,288→ 0 total
Footnotes (3)
- [F1]As of the effective time (the "Effective Time") of the transactions contemplated by the Agreement and Plan of Merger by and among the Issuer, Hilltop Holdings Inc. ("Hilltop"), and Peruna LLC, dated as of March 31, 2014 (the "Merger Agreement"), pursuant to the terms of the Merger Agreement, each share of the Issuer's common stock held by the reporting person (other than any restricted share of the Issuer's common stock granted to the reporting person following the date of the Merger Agreement) that was outstanding as of immediately prior to the Effective Time was converted into the right to receive (a) 0.2496 shares of Hilltop common stock and (b) $1.94 in cash, without interest.
- [F2]As of the Effective Time, pursuant to the terms of the Merger Agreement, each restricted share of the Issuer's common stock granted to the reporting person following the date of the Merger Agreement was converted into the right to receive 0.3465 restricted shares of Hilltop common stock. Following the Effective Time, such restricted shares will continue to vest in accordance with their original schedules and will vest (i) in full upon (x) termination of employment by the employer without "cause" or (y) a change of control event (other than the consummation of the transactions contemplated by the Merger Agreement) and (ii) on a pro-rated basis upon termination of employment due to the reporting person's death or disability.
- [F3]As of the Effective Time, pursuant to the terms of the Merger Agreement, each deferred share of the Issuer's common stock reflected in the reporting person's account under the Issuer's deferred compensation plans was converted into 0.3328 deferred shares of Hilltop common stock. Following the Effective Time, any such deferred shares that were not vested as of the Effective Time will continue to vest in accordance with their original schedules and will vest in full on termination of employment by the employer without "cause".
Documents
Issuer
Hilltop Securities Holdings LLC
CIK 0000878520
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000878520
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 1:08 PM ET
- Size
- 10.5 KB