4//SEC Filing
WCI Communities, Inc. 4
Accession 0001179110-17-002143
CIK 0001574532operating
Filed
Feb 9, 7:00 PM ET
Accepted
Feb 10, 2:13 PM ET
Size
7.9 KB
Accession
0001179110-17-002143
Insider Transaction Report
Form 4
Devendorf Russell
SVP AND CFO
Transactions
- Disposition to Issuer
Common Stock
2017-02-10−81,517→ 0 total - Disposition to Issuer
LTIP Units
2017-02-10−120→ 0 total→ Common Stock (130,870 underlying)
Footnotes (3)
- [F1]Pursuant to that Agreement and Plan of Merger dated as of September 22, 2016 among the Issuer (hereinafter, "WCI"), Lennar Corporation, a Delaware corporation ("Lennar"), and certain subsidiaries of Lennar, the parties thereto effected the merger of Marlin Green Corp., a Delaware corporation and wholly-owned subsidiary of Lennar, with and into WCI (the "Merger") with WCI surviving the Merger as a direct, wholly-owned subsidiary of Lennar.
- [F2]Comprised of 36,017 shares of common stock of WCI (the "Unrestricted Shares") and 45,500 shares of restricted common stock of WCI (the "Restricted Shares"). At the effective time of the Merger (the "Effective Time"), (i) each Unrestricted Share was disposed of in exchange for $23.50 in cash and (ii) each Restricted Share outstanding and unvested or otherwise subject to possible forfeiture vested immediately prior to the completion of the Merger and was cancelled for the right to receive $23.50 in cash.
- [F3]At the Effective Time, each outstanding LTIP Unit, whether vested or unvested, terminated and was disposed of in exchange for $23.50 in cash multiplied by the number of shares of underlying WCI common stock issuable upon settlement of such LTIP Units.
Documents
Issuer
WCI Communities, Inc.
CIK 0001574532
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001574532
Filing Metadata
- Form type
- 4
- Filed
- Feb 9, 7:00 PM ET
- Accepted
- Feb 10, 2:13 PM ET
- Size
- 7.9 KB