Silver Bay Realty Trust Corp. 4
4 · Silver Bay Realty Trust Corp. · Filed May 9, 2017
Insider Transaction Report
Form 4
KESSLER IRVIN R
Director
Transactions
- Sale
Common Stock, par value $0.01 per share
2015-06-23$16.49/sh−200$3,298→ 97 total(indirect: By LLC) - Disposition to Issuer
Common Stock, par value $0.01 per share
2017-05-09−1,844,914→ 0 total(indirect: Owned by Deephaven, Inc.) - Sale
Common Stock, par value $0.01 per share
2015-06-23$16.29/sh−97$1,580→ 0 total(indirect: By LLC) - Disposition to Issuer
Common Stock, par value $0.01 per share
2017-05-09−462,604→ 0 total(indirect: By Partnership)
Footnotes (5)
- [F1]These securities are owned directly by Walleye Trading LLC ("Walleye") for which Mr. Kessler is the Chief Operating Officer. Mr. Kessler disclaims beneficial ownership of any of the securities owned by Walleye other than to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Kessler is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]On February 27, 2017, the Issuer entered into a Merger and Plan of Merger among Tricon Capital Group Inc., TAH Acquisition Holdings LLC, TAH Acquisition LP, Silver Bay Management LLC and Silver Bay Operating Partnership L.P. Upon completion of the merger, the Reporting Person's shares of the Issuer's Common Stock were cancelled and converted into the right to receive $21.50 per share in cash, without interest (the "Merger Consideration").
- [F3]Common Stock cancelled and converted into the right to receive an amount in cash equal to the product of the aggregate number of shares of this Common Stock and the Merger Consideration.
- [F4]These securities are owned directly by Deephaven, Inc. ("Deephaven"). Mr. Kessler is the sole owner, director and Chief Executive Officer of Deephaven. Mr. Kessler disclaims beneficial ownership of any of the securities owned by the Fund other than to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Kessler is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F5]These securities are owned directly by the Kessler Family Limited Partnership (the "Partnership") for which Mr. Kessler serves as the General Partner. Mr. Kessler disclaims beneficial ownership of any of the securities owned by the Partnership other than to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Kessler is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.