KKR Financial Holdings LLC 4
4 · KKR Financial Holdings LLC · Filed Aug 12, 2013
Insider Transaction Report
Form 4
HAZEN PAUL
Director
Transactions
- Award
Phantom Shares
2013-08-09$10.69/sh+11,225$119,995→ 25,349.79 total→ Common Shares (11,225 underlying)
Footnotes (4)
- [F1]Each phantom share is the economic equivalent of one common share.
- [F2]These phantom shares vest in one-third increments on August 9, 2014, August 9, 2015 and August 9, 2016.
- [F3]To the extent vested, the phantom shares become payable, in cash or common shares, at the election of the Company, upon the earlier of (i) the first day of January followingthe reporting person's termination of service as a director or (ii) an election date pre-selected by the reporting person, and in any event in cash or common shares, at theelection of the reporting person, upon the occurence of a change in control of the Company.
- [F4]Includes 8,060 phantom shares vesting on August 9, 2014, 8,062 phantom shares vesting on August 9, 2015 and 3,742 phantom shares vesting on August 9, 2016. Theremainder of these phantom shares are vested.