Corak David 4
4 · Jernigan Capital, Inc. · Filed Nov 6, 2020
Insider Transaction Report
Form 4
Corak David
SVP, Corporate Finance
Transactions
- Other
Common Stock
2020-11-06−23,719→ 0 total
Footnotes (1)
- [F1]Represents 10,361 restricted share awards and 13,358 unrestricted shares of common stock of Jernigan Capital, Inc. (the "Company"). Pursuant to the merger (the "Merger") described in the Agreement and Plan of Merger, dated as of August 3, 2020, by and among the Company, Jernigan Capital Operating Company, LLC, NexPoint RE Merger, Inc. and NexPoint RE Merger OP, LLC, as amended September 21, 2020. Each restricted share award that was outstanding immediately prior to the effective time of the Merger was cancelled in exchange for an amount in cash equal to (a) the number of Common Shares subject to the restricted share award immediately prior to the effective time of the Merger multiplied by (b) the per share Merger consideration of $17.30, and each common share that was outstanding immediately prior to the effective time of the Merger was automatically converted into the right to receive an amount in cash equal to the per share Merger consideration of $17.30.