PRIVATEBANCORP, INC 4
4 · PRIVATEBANCORP, INC · Filed Jun 27, 2017
Insider Transaction Report
Form 4
RYBAK WILLIAM R
Director
Transactions
- Disposition to Issuer
Common Stock
2017-06-23−43,050→ 0 total - Disposition to Issuer
Common Stock
2017-06-23−2,610→ 0 total(indirect: By Spouse)
Footnotes (2)
- [F1]Represents 20,655 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.