PRIVATEBANCORP, INC 4
4 · PRIVATEBANCORP, INC · Filed Jun 27, 2017
Insider Transaction Report
Form 4
GUYETTE JAMES M
Director
Transactions
- Gift
Common Stock
2017-06-05−2,770→ 118,837 total - Disposition to Issuer
Common Stock
2017-06-23−7,300→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2017-06-23−118,837→ 0 total - Disposition to Issuer
Phantom Stock Units
2017-06-23−8,653.945→ 0 total→ Common Stock (8,653.945 underlying) - Disposition to Issuer
Common Stock
2017-06-23−19,849→ 0 total(indirect: By GRAT)
Footnotes (6)
- [F1]Represents 96,442 shares of issuer common stock and 22,395 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.
- [F2]Pursuant to 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.
- [F3]Pursuant to 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.
- [F4]The phantom stock units convert to common stock of the Issuer on a 1-for-1 basis.
- [F5]The phantom stock units are to be settled in common stock of the Issuer upon the date previously elected by the reporting person.
- [F6]Pursuant to the Merger Agreement, each phantom stock unit of the issuer was converted into a cash-settled phantom stock unit of CIBC relating to 0.7572 shares of CIBC.