4//SEC Filing
RCS Capital Corp 4
Accession 0001144204-15-049981
CIK 0001568832operating
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 5:18 PM ET
Size
6.1 KB
Accession
0001144204-15-049981
Insider Transaction Report
Form 4
RCS Capital CorpRCAP
Budko Peter M
DirectorChief Investment Officer10% Owner
Transactions
- Award
Class A Common Stock
2015-08-13+427,873→ 5,435,151 total
Footnotes (3)
- [F1]On August 6, 2015, RCS Capital Corporation (the "Company") and RCS Capital Holdings, LLC ("RCS Holdings") entered into a Membership Interest Purchase Agreement with Apollo Management Holdings, L.P. pursuant to which the Company and RCS Holdings agreed to sell their wholesale distribution business (the "Transaction"), consisting of Realty Capital Securities, LLC, and certain related entities, for an aggregate purchase price of $25.0 million, payable in cash and subject to adjustment.
- [F2]In connection with the Transaction, the Company and RCS Holdings have entered into an agreement (the "Termination Agreement") with RCS Capital Management, LLC ("RCM"), each of the members of RCM, who are also members of RCAP Holdings, and Luxor Capital Group LP pursuant to which RCM and its members have agreed to terminate the Company's services agreement (the "Services Agreement"), pursuant to which RCM serves as service provider to the Company and RCS Holdings, within five business days of the date of the Termination Agreement.
- [F3]Pursuant to the Termination Agreement, the members of RCM received 2,340,636 shares of Class A common stock on August 13, 2015 as consideration for the termination of the Services Agreement. The reporting person is a member of RCM, and, as such, received 427,873 shares of Class A Common Stock of the Company.
Documents
Issuer
RCS Capital Corp
CIK 0001568832
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001568832
Filing Metadata
- Form type
- 4
- Filed
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 5:18 PM ET
- Size
- 6.1 KB