PRIVATEBANCORP, INC 4
4 · PRIVATEBANCORP, INC · Filed Jun 27, 2017
Insider Transaction Report
Form 4
BOBINS NORMAN
Director
Transactions
- Disposition to Issuer
Common Stock
2017-06-23−55,971→ 0 total
Footnotes (1)
- [F1]Represents 33,117 shares of issuer common stock and 22,854 restricted stock units. Pursuant to the Agreement and Plan of Merger among Canadian Imperial Bank of Commerce ("CIBC"), CIBC Holdco Inc. and the issuer, dated June 29, 2016, as amended (the "Merger Agreement"), each share of common stock of the issuer was converted into the right to receive: (i) $27.20 in cash; and (ii) 0.4176 common shares of CIBC. The closing price of CIBC common stock on June 22, 2017, the last trading day prior to the effective time of the merger, was $80.95 per share. Pursuant to the Merger Agreement, each restricted stock unit award was cancelled and converted into the right to receive a cash payment of $60.6452.