4//SEC Filing
BankUnited, Inc. 4
Accession 0001209191-13-016954
$BKUCIK 0001504008operating
Filed
Mar 14, 8:00 PM ET
Accepted
Mar 15, 5:37 PM ET
Size
143.4 KB
Accession
0001209191-13-016954
Insider Transaction Report
Form 4
WL Ross Group, L.P.
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
2013-03-13$24.75/sh−4,810,000$119,023,450→ 8,911,131 total(indirect: See Footnotes)
Holdings
- 100
Common Stock, par value $0.01 per share
ROSS WILBUR L JR
Director10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
2013-03-13$24.75/sh−4,810,000$119,023,450→ 8,911,131 total(indirect: See Footnotes)
Holdings
- 100
Common Stock, par value $0.01 per share
El Vedado, LLC
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
2013-03-13$24.75/sh−4,810,000$119,023,450→ 8,911,131 total(indirect: See Footnotes)
Holdings
- 100
Common Stock, par value $0.01 per share
WLR/GS Master Co-Investment, L.P.
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
2013-03-13$24.75/sh−4,810,000$119,023,450→ 8,911,131 total(indirect: See Footnotes)
Holdings
- 100
Common Stock, par value $0.01 per share
WLR Master Co-Investment GP LLC
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
2013-03-13$24.75/sh−4,810,000$119,023,450→ 8,911,131 total(indirect: See Footnotes)
Holdings
- 100
Common Stock, par value $0.01 per share
WLR IV PARALLEL ESC LP
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
2013-03-13$24.75/sh−4,810,000$119,023,450→ 8,911,131 total(indirect: See Footnotes)
Holdings
- 100
Common Stock, par value $0.01 per share
INVESCO WLR IV Associates LLC
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
2013-03-13$24.75/sh−4,810,000$119,023,450→ 8,911,131 total(indirect: See Footnotes)
Holdings
- 100
Common Stock, par value $0.01 per share
Invesco Private Capital, Inc.
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
2013-03-13$24.75/sh−4,810,000$119,023,450→ 8,911,131 total(indirect: See Footnotes)
Holdings
- 100
Common Stock, par value $0.01 per share
WLR Recovery Fund IV LP
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
2013-03-13$24.75/sh−4,810,000$119,023,450→ 8,911,131 total(indirect: See Footnotes)
Holdings
- 100
Common Stock, par value $0.01 per share
WLR Recovery Associates IV LLC
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
2013-03-13$24.75/sh−4,810,000$119,023,450→ 8,911,131 total(indirect: See Footnotes)
Holdings
- 100
Common Stock, par value $0.01 per share
Footnotes (6)
- [F1]Reflects the sale of BankUnited, Inc.'s common stock, par value $0.01 per share ("Common Stock"), consisting of 4,361,096 shares sold by WLR Recovery Fund IV, L.P., 17,514 shares sold by WLR IV Parallel ESC, L.P. and 431,390 shares sold by WLR/GS Master Co-Investment, L.P. in a secondary offering of BankUnited, Inc. that closed on March 13, 2013.
- [F2]Each of the reporting persons disclaims beneficial ownership of any securities except to the extent of its pecuniary interest therein.
- [F3]WLR Recovery Fund IV, L.P. ("Fund IV") owns 8,079,479 shares of Common Stock of the issuer. Wilbur L. Ross, Jr. is the president and chief executive officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC. El Vedado, LLC is the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of Fund IV. WL Ross & Co. LLC serves as the investment manager to Fund IV. Accordingly, each of WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC may be deemed to be a beneficial owner of some or all the shares of Common Stock owned by Fund IV.
- [F4]WLR IV Parallel ESC, L.P. (the "Parallel Fund") owns 32,448 shares of Common Stock of the issuer. Wilbur L. Ross, Jr. is the managing member of El Vedado, LLC and the chairman and president of Invesco Private Capital, Inc. El Vedado, LLC is the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which in turn is the general partner of the Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have entered into a parallel investment agreement pursuant to which WLR Recovery Associates IV LLC has been appointed as representative and attorney of the Parallel Fund to, among other things, exercise all rights, powers and privileges with respect to the Common Stock owned by the Parallel Fund and to take whatever action, including voting such Common Stock, as WLR Recovery Associates IV LLC (continued in footnote 5).
- [F5](continued from footnote 4) in its discretion deems fit. Accordingly, each of Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC may be deemed to be a beneficial owner of some or all the shares of Common Stock owned by the Parallel Fund.
- [F6]WLR/GS Master Co-Investment L.P. (the "Co-Invest Fund") owns 799,204 shares of Common Stock of the issuer. Wilbur L. Ross, Jr. is the president and chief executive officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC. El Vedado, LLC is the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Master Co-Investment GP, LLC. WLR Master Co-Investment GP, LLC is the general partner of the Co-Invest Fund. WL Ross & Co. LLC serves as the investment manager to the Co-Invest Fund. Accordingly, each of WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Master Co-Investment GP, LLC may be deemed to be a beneficial owner of some or all the shares of Common Stock owned by the Co-Invest Fund.
Issuer
BankUnited, Inc.
CIK 0001504008
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001504008
Filing Metadata
- Form type
- 4
- Filed
- Mar 14, 8:00 PM ET
- Accepted
- Mar 15, 5:37 PM ET
- Size
- 143.4 KB