4//SEC Filing
Steinhardt Capital Investors, LLLP 4
Accession 0001596771-21-000058
CIK 0000036506other
Filed
Sep 7, 8:00 PM ET
Accepted
Sep 8, 2:47 PM ET
Size
11.6 KB
Accession
0001596771-21-000058
Insider Transaction Report
Form 4
Steinhardt Capital Investors, LLLP
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2021-09-03−1,044,557→ 0 total(indirect: By Steinhardt Capital Investors, LLLP) - Disposition to Issuer
Common Stock
2021-09-03−16,994→ 0 total
Steinhardt David Russ
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2021-09-03−16,994→ 0 total - Disposition to Issuer
Common Stock
2021-09-03−1,044,557→ 0 total(indirect: By Steinhardt Capital Investors, LLLP)
Steinhardt Capital Management, LLC
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2021-09-03−16,994→ 0 total - Disposition to Issuer
Common Stock
2021-09-03−1,044,557→ 0 total(indirect: By Steinhardt Capital Investors, LLLP)
Footnotes (3)
- [F1]On September 3, 2021, pursuant to the Agreement and Plan of Merger ("Merger Agreement") dated as of April 12, 2021 by and between Nicolet Bankshares, Inc. ("Nicolet") and Mackinac Financial Corporation ("MFNC"), MFNC merged with and into Nicolet ("Merger"), and each outstanding share of MFNC common stock was converted into the right to receive 0.22 of a share of Nicolet common stock, with cash payable in lieu of a fractional share in an amount equal to the fraction of a share of Nicolet common stock which the holder would otherwise be entitled to receive multiplied by $4.64. In connection with the Merger, the reporting person has the right to receive, in exchange for all of the MFNC common stock reported in Table I, an aggregate of 233,540 shares of Nicolet common stock having a market value of $76.74 per share on the effective date of the Merger, and cash in lieu of a fractional share of Nicolet common stock, subject to any required tax withholding under applicable law.
- [F2]Pursuant to the Merger Agreement, the amount of securities disposed of includes MFNC restricted shares. At the effective time of the Merger, any vesting conditions applicable to outstanding restricted share awards under MFNC's equity incentive plans automatically accelerated in full and such restricted shares converted into, and will be exchanged for, the merger consideration as described in note (1) above, less any applicable taxes required to be withheld with respect to such vesting.
- [F3]The reported securities are owned directly by Steinhardt Capital Investors, LLLP, and indirectly by Steinhardt Capital Management, LLC, as general partner of Steinhardt Capital Investors, LLLP, and David R. Steinhardt as a manager of Steinhardt Capital Management, LLC. Steinhardt Capital Management, LLC and David R. Steinhardt disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interests therein.
Documents
Issuer
MACKINAC FINANCIAL CORP /MI/
CIK 0000036506
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001551339
Filing Metadata
- Form type
- 4
- Filed
- Sep 7, 8:00 PM ET
- Accepted
- Sep 8, 2:47 PM ET
- Size
- 11.6 KB