4//SEC Filing
CIFC LLC 4
Accession 0001545421-16-000015
CIK 0001649709operating
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 10:54 AM ET
Size
7.7 KB
Accession
0001545421-16-000015
Insider Transaction Report
Form 4
CIFC LLCCIFC
Vaccaro Stephen J
Co-Pres & CIO
Transactions
- Exercise/Conversion
Restricted Share Units
2016-06-30−6,000→ 252,000 totalFrom: 2016-03-31Exp: 2016-03-31→ Common Shares (6,000 underlying) - Exercise/Conversion
Common Shares
2016-06-30+6,000→ 457,976 total
Footnotes (3)
- [F1]Restricted Share Units granted June 13, 2014 were previously reported on Table II as derivative securities. The balance of that grant, 252,000 Restricted Share Units, is now included in Table I, Column 5.
- [F2]Each Restricted Share Unit represents a contingent right to receive one Common Share of the Issuer.
- [F3]The Restricted Share 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 Share Units are subject to adjustment, acceleration and forfeit as more fully described in the Restricted Share Unit Award Agreement, dated June 13, 2014, between the Issuer and the Reporting Person.
Documents
Issuer
CIFC LLC
CIK 0001649709
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001649709
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 10:54 AM ET
- Size
- 7.7 KB