WCI Communities, Inc. 4
4 · WCI Communities, Inc. · Filed Feb 10, 2017
Insider Transaction Report
Form 4
FERRY JOHN J III
VP & Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Stock
2017-02-10−18,107→ 0 total
Footnotes (2)
- [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 2,407 shares of common stock of WCI (the "Unrestricted Shares") and 15,700 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.