McGlinn John F. 4
4 · Capitala Finance Corp. · Filed Sep 25, 2017
Insider Transaction Report
Form 4
McGlinn John F.
COO, Secretary and Treasurer
Transactions
- Exercise/Conversion
Awards
2017-09-25−41,541→ 55,388 total→ Common Stock, par value $0.01 per share (41,541 underlying) - Exercise/Conversion
Common Stock
2017-09-25+41,541→ 154,026 total
Footnotes (2)
- [F1]Mr. McGlinn previously held Awards with respect to 96,929 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 2015 Amended and Restated Equity Compensation Plan, dated September 18, 2015 (the "Plan"). The Plan and this acquisition were previously approved by the Issuer's Board of Directors. On September 25, 2017, CRS distributed to Mr. McGlinn 41,541 shares of the Issuer's common stock in accordance with the vesting schedule under the Plan. The remaining Awards under the Plan are scheduled to vest on September 25, 2018. Upon settlement, the remaining Awards will become payable on a one-for-one basis in shares of the Issuer's common stock.
- [F2]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.