4//SEC Filing
Henak William S. 4
Accession 0001519695-19-000099
CIK 0000814184other
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 6:41 AM ET
Size
13.0 KB
Accession
0001519695-19-000099
Insider Transaction Report
Form 4
Henak William S.
EVP/Signif Subsidiary
Transactions
- Disposition to Issuer
Common Stock
2019-08-01−17,791.471→ 0 total(indirect: By KSOP as of 06/30/2019) - Award
Common Stock
2019-08-01+61,803→ 61,803 total - Disposition to Issuer
Common Stock
2019-08-01−264,819→ 0 total - Disposition to Issuer
Common Stock
2019-08-01−61,803→ 0 total - Disposition to Issuer
Common Stock
2019-08-01−22,006.955→ 0 total(indirect: By Trust)
Footnotes (7)
- [F1]Reflects the conversion of restricted stock performance units into service-based restricted stock units, as contemplated by the agreement and plan of merger (the "Merger Agreement") between the issuer and Chemical Financial Corporation, now known as TCF Financial Corporation, a Michigan corporation ("new TCF"). The units are convertible into shares of the issuer's common stock on a one-for-one basis on the applicable vesting dates, subject to certain exceptions.
- [F2]Disposed of pursuant to the Merger Agreement in exchange for total stock consideration of 134,554 shares of new TCF common stock having a market value of $41.18 per share at the effective time of the merger, which represents an exchange ratio of 0.5081 new TCF shares per share of the issuer's common stock.
- [F3]In addition, the reporting person held 61,803 service-based restricted stock units of the issuer, convertible into shares of the issuer's common stock on a one-for-one basis, that were assumed by new TCF in the merger and replaced with 31,401 shares of service-based restricted stock units of new TCF that are convertible into shares of new TCF's common stock on a one-for-one basis on the applicable vesting dates, subject to certain exceptions.
- [F4]The filing of this statement shall not be construed as an admission that the undersigned is, for the purpose of Section 16 of the Securities and Exchange Act of 1934 or otherwise, the beneficial owner of the securities.
- [F5]Disposed of pursuant to the Merger Agreement in exchange for total stock consideration of 9,039.846 shares of new TCF common stock having a market value of $41.18 per share at the effective time of the merger, which represents an exchange ratio of 0.5081 new TCF shares per share of the issuer's common stock.
- [F6]Disposed of pursuant to the Merger Agreement in exchange for total stock consideration of 11,181.734 shares of new TCF common stock having a market value of $41.18 per share at the effective time of the merger, which represents an exchange ratio of 0.5081 new TCF shares per share of the issuer's common stock.
- [F7]The shares noted are derivative securities based on the Reporting Person's benefits under a non-qualified plan.
Documents
Issuer
TCF FINANCIAL CORP
CIK 0000814184
Entity typeother
Related Parties
1- filerCIK 0001519695
Filing Metadata
- Form type
- 4
- Filed
- Aug 4, 8:00 PM ET
- Accepted
- Aug 5, 6:41 AM ET
- Size
- 13.0 KB