4//SEC Filing
PRIVATEBANCORP, INC 4
Accession 0001127602-17-022228
CIK 0000889936operating
Filed
Jun 26, 8:00 PM ET
Accepted
Jun 27, 3:30 PM ET
Size
17.6 KB
Accession
0001127602-17-022228
Insider Transaction Report
Form 4
Hague Bruce R.
Pres. of Natl. Com. Banking
Transactions
- Disposition to Issuer
Common Stock
2017-06-23−1,300→ 0 total(indirect: By Spouse) - Disposition to Issuer
Phantom Stock Units
2017-06-23−6,127.372→ 0 total→ Common Stock (6,127.372 underlying) - Disposition to Issuer
Common Stock
2017-06-23−149,673.07→ 0 total - Disposition to Issuer
Option To Purchase Common Stock
2017-06-23−6,131→ 0 totalExercise: $34.13From: 2019-03-01Exp: 2026-02-19→ Common Stock (6,131 underlying) - Disposition to Issuer
Option To Purchase Common Stock
2017-06-23−7,149→ 0 totalExercise: $27.94From: 2017-03-01Exp: 2024-02-21→ Common Stock (7,149 underlying) - Disposition to Issuer
Option To Purchase Common Stock
2017-06-23−5,978→ 0 totalExercise: $35.16From: 2018-03-01Exp: 2025-02-20→ Common Stock (5,978 underlying)
Footnotes (8)
- [F1]Represents 99,357.07 shares of issuer common stock, 17,042 unvested restricted stock units, 9,661 vested restricted stock units, 10,184 shares of common stock issuable under performance share units granted to the reporting person in 2013, 11,656 shares of common stock issuable under performance share units granted to the reporting person in 2014 and 1,773 shares of common stock issuable under performance share units granted to the reporting person in 2015. 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 unvested restricted stock unit award was converted into a cash-settled CIBC restricted stock unit award relating to 0.7572 CIBC common shares. Pursuant to the Merger Agreement, each vested restricted stock unit award was cancelled and converted into the right to receive a cash payment of $60.6452. Pursuant to the Merger Agreement, each performance share unit granted to the reporting person in 2013 was converted into a cash-settled CIBC restricted stock unit award relating to 0.7572 CIBC common shares. Pursuant to the Merger Agreement, each performance share unit granted to the reporting person in 2014 was cancelled and converted into the right to receive a cash payment of $60.6452. Pursuant to the Merger Agreement, each performance share unit granted to the reporting person in 2015 was converted on the Effective Date into a cash-settled CIBC restricted stock unit award relating to 0.7572 CIBC common shares.
- [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 stock option was converted into an option to purchase 0.7572 shares of CIBC common stock for $36.90 per share.
- [F4]Pursuant to the Merger Agreement, each stock option was converted into an option to purchase 0.7572 shares of CIBC common stock for $46.43 per share.
- [F5]Pursuant to the Merger Agreement, each stock option was converted into an option to purchase 0.7572 shares of CIBC common stock for $45.07 per share.
- [F6]The phantom stock units convert to common stock of the Issuer on a 1-for-1 basis.
- [F7]The phantom stock units are to be settled in common stock of the Issuer upon the date previously elected by the reporting person.
- [F8]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.
Documents
Issuer
PRIVATEBANCORP, INC
CIK 0000889936
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000889936
Filing Metadata
- Form type
- 4
- Filed
- Jun 26, 8:00 PM ET
- Accepted
- Jun 27, 3:30 PM ET
- Size
- 17.6 KB