4//SEC Filing
Capitala Finance Corp. 4
Accession 0001144204-16-125618
CIK 0001571329operating
Filed
Sep 26, 8:00 PM ET
Accepted
Sep 27, 7:48 PM ET
Size
11.7 KB
Accession
0001144204-16-125618
Insider Transaction Report
Form 4
Arnall Stephen A.
Chief Financial Officer
Transactions
- Award
Awards
2016-09-25+3,000→ 17,000 total→ Common Stock, par value $0.01 per share (17,000 underlying) - Exercise/Conversion
Common Stock
2016-09-25+2,125→ 10,910 total - Exercise/Conversion
Awards
2016-09-25−2,125→ 14,875 total→ Common Stock, par value $0.01 per share (2,125 underlying)
Footnotes (3)
- [F1]Mr. Arnall previously held Awards with respect to 14,000 shares of Capitala Finance Corp.'s (the "Issuer") common stock held by Capitala Restricted Shares I, LLC ("CRS"), which is controlled by Joseph B. Alala, III and is an affiliate of Capitala Investment Advisors, LLC, pursuant to CRS's Amended and Restated 2015 Equity Compensation Plan, dated September 18, 2015 (the "Plan"). On September 25, 2016, Mr. Arnall was granted Awards with respect to an additional 3,000 shares of the Issuer's common stock held by CRS, which Awards were previously forfeited by a former employee of Capitala Investment Advisors, LLC.
- [F2](Continued from footnote 1). On September 25, 2016, CRS also distributed to Mr. Arnall 2,125 shares of the Issuer's common stock in accordance with the vesting schedule under the Plan. The Plan and this acquisition were previously approved by the Issuer's Board of Directors. Additional Awards under the Plan are scheduled to vest as follows: 30% on September 25, 2017 and 40% on September 25, 2018. Upon settlement, the additional Awards will become payable on a one-for-one basis in shares of the Issuer's common stock.
- [F3]Pursuant to the SEC staff no-action letters to Babson Capital Management LLC (pub. Avail. Dec. 14, 2006) and Carlyle GMS Finance, Inc. (pub. avail. Oct. 8, 2015), an employee benefit plan sponsored by an investment adviser (or an affiliated person of an investment adviser) to a registered closed-end investment company or a business development company regulated under the Investment Company Act of 1940, as amended, that offers plan participants equity securities of such registered investment company or business development company is considered an "employee benefit plan sponsored by the issuer" for the purposes of Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
Documents
Issuer
Capitala Finance Corp.
CIK 0001571329
Entity typeoperating
Related Parties
1- filerCIK 0001571329
Filing Metadata
- Form type
- 4
- Filed
- Sep 26, 8:00 PM ET
- Accepted
- Sep 27, 7:48 PM ET
- Size
- 11.7 KB