CIFC Corp. 4
4 · CIFC Corp. · Filed Sep 30, 2015
Insider Transaction Report
Form 4
CIFC Corp.CIFC
Vaccaro Stephen J
Chief Investment Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-09-30−3,000→ 279,000 total→ Common Stock (3,000 underlying) - Exercise/Conversion
Common Stock
2015-09-30+3,000→ 87,223 total
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive on share of Common Stock of the Issuer.
- [F2]The Restricted Stock Units vest in five equal tranches and installments as follows: (i) 60,000 vest at a rate of 20% on December 31, 2014 and in 16 equal quarterly installments thereafter; (ii) 60,000 vest at a rate of 20% on December 31, 2015 and in 16 equal quarterly installments thereafter; (iii) 60,000 vest at a rate of 20% on December 31, 2016 and in 16 equal quarterly installments thereafter; (iv) 60,000 vest at a rate of 20% on December 31, 2017 and in 16 equal quarterly installments thereafter; and (v) 60,000 vest at a rate of 20% on December 31, 2018 and in 16 equal quarterly installments thereafter. The Restricted Stock Units are subject to adjustment, acceleration and forfeit as more fully described in the Restricted Stock Unit Award Agreement, dated June 13, 2014, between the Issuer and the Reporting Person.