4//SEC Filing
FBR & Co. 4
Accession 0001140361-17-023556
CIK 0001371446operating
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 4:18 PM ET
Size
8.0 KB
Accession
0001140361-17-023556
Insider Transaction Report
Form 4
FBR & Co.FBRC
Fishman Adam J
Senior Managing Director
Transactions
- Disposition to Issuer
Common Stock
2017-06-01−189,224→ 0 total - Disposition to Issuer
Performance Stock Units
2017-06-01−32,236→ 0 total→ Common Stock (32,236 underlying)
Footnotes (3)
- [F1]Represents 147,566 shares of issuer common stock and 41,658 restricted stock units ("RSU"s) disposed of pursuant to merger agreement between issuer and B. Riley Financial, Inc. in exchange for shares of B. Riley Financial, Inc. common stock and B. Riley Financial, Inc. RSUs at an exchange ratio of 0.671. B. Riley Financial, Inc. common stock had a closing market value of $14.70 per share on the effective date of the merger.
- [F2]Represents previously unearned performance stock units. Pursuant to the merger agreement between issuer and B. Riley Financial, Inc., as of the effective date of the merger, each performance stock unit was canceled and converted into an RSU denominated in shares of B. Riley Financial, Inc. common stock. The number of shares of B. Riley Financial, Inc. common stock subject to each such RSU equals the product (rounded to the nearest whole number) of the number of shares of the issuer's common stock that would be earned based on the level of achievement that would result in 50% of the number of shares of the issuer's common stock subject to the performance stock unit being earned, multiplied by the exchange ratio of 0.671.
- [F3]Disposed of pursuant to the merger agreement between issuer and B. Riley Financial, Inc.
Documents
Issuer
FBR & Co.
CIK 0001371446
Entity typeoperating
IncorporatedVA
Related Parties
1- filerCIK 0001371446
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 4:18 PM ET
- Size
- 8.0 KB