SCHUTZ ANTON VILLARS 4
4 · Professional Holding Corp. · Filed Aug 31, 2020
Insider Transaction Report
Form 4
SCHUTZ ANTON VILLARS
Director
Transactions
- Other
Class A Common Stock
2020-08-28−526→ 0 total - Sale
Class A Common Stock
2020-08-28$10.75/sh−200,643$2,156,912→ 0 total(indirect: Mendon Capital QP, LP) - Sale
Class A Common Stock
2020-08-28$10.75/sh−24,270$260,903→ 0 total(indirect: Mendon Global Long/Short Financial QP Fund Ltd.) - Sale
Class A Common Stock
2020-08-28$10.75/sh−131,900$1,417,925→ 0 total(indirect: Mendon Capital Master Fund, Ltd.) - Sale
Class B Common Stock
2020-08-28$10.75/sh−207,711$2,232,893→ 0 total(indirect: Mendon Capital QP, LP) - Sale
Class A Common Stock
2020-08-28$10.75/sh−34,438$370,209→ 0 total(indirect: Iron Road Multi-Strategy Fund LP) - Sale
Class B Common Stock
2020-08-28$10.75/sh−17,540$188,555→ 0 total(indirect: Iron Road Multi-Strategy Fund LP) - Sale
Class A Common Stock
2020-08-28$10.75/sh−248,430$2,670,623→ 0 total(indirect: RMB Mendon Financial Services Fund) - Sale
Class B Common Stock
2020-08-28$10.75/sh−125,300$1,346,975→ 0 total(indirect: Mendon Capital Master Fund, Ltd.)
Holdings
- 10,000
Share Appreciation Rights
→ See Footnote - 5,000
Share Appreciation Rights
→ See Footnote - 2,500
Share Appreciation Rights
→ See Footnote
Footnotes (3)
- [F1]Mendon Capital Master Fund Ltd. sold 131,900 shares of PFHD's Class A Common Stock and retained 133,000 shares of PFHD's Class A Common Stock. Mr. Schutz does not have any interest in the remaining 133,000 shares of PFHD's Class A Common Stock held by Mendon Capital Master Fund Ltd., resulting in -0- shares of PFHD Class A Common Stock held by Mendon Capital Master Fund Ltd. being beneficially owned by Mr. Schutz as of August 28, 2020.
- [F2]Represents the cancellation of 526 shares of unvested restricted stock previously granted to Mr. Schutz as Director's fees.
- [F3]Share Appreciation Rights vest upon the earlier of 1,825 calendar days of continuous service after the grant date or the occurrence of certain specified, nonperformance-related events, subject to an election by the recipient. Stock Appreciation Right payments are paid at or shortly following certain specified, nonperformance-related events, such as a change in control of the issuer, in accordance with the participant's election. The Share Appreciation Rights do not expire and the Compensation Committee of the Board of Directors of the issuer has the discretion to pay the unit appreciation payments in cash or stock.