CIFC LLC 4

Accession 0001649709-16-000060

CIK 0001649709operating

Filed

Jul 4, 8:00 PM ET

Accepted

Jul 5, 5:11 PM ET

Size

31.3 KB

Accession

0001649709-16-000060

Form 4

Period: 2015-09-08

Director

Transactions

Exercise/Conversion
Common Shares
2016-07-01+81→ 81 total
Other
Common Shares
2016-07-01−6,463→ 0 total
Award
Restricted Share Units
2015-12-01+90→ 90 total
→ Common Shares (90 underlying)
Exercise/Conversion
Restricted Share Units
2016-07-01−84→ 0 total
→ Common Shares (84 underlying)
Exercise/Conversion
Restricted Share Units
2016-07-01−5,988→ 0 total
→ Common Shares (5,988 underlying)
Exercise/Conversion
Common Shares
2016-07-01+220→ 475 total
Exercise/Conversion
Restricted Share Units
2016-07-01−90→ 0 total
→ Common Shares (90 underlying)
Exercise/Conversion
Common Shares
2016-07-01+84→ 255 total
Exercise/Conversion
Common Shares
2016-07-01+5,988→ 6,463 total
Award
Restricted Share Units
2016-04-15+84→ 84 total
→ Common Shares (84 underlying)
Exercise/Conversion
Restricted Share Units
2016-07-01−220→ 0 total
→ Common Shares (220 underlying)
Exercise/Conversion
Common Shares
2016-07-01+90→ 171 total
Award
Restricted Share Units
2015-09-08+81→ 81 total
→ Common Shares (81 underlying)
Exercise/Conversion
Restricted Share Units
2016-07-01−81→ 0 total
→ Common Shares (81 underlying)
Award
Restricted Share Units
2016-05-24+220→ 220 total
→ Common Shares (220 underlying)

Footnotes (5)

[F1]Represents an adjustment for dividends to the 5,988 Restricted Share Units awarded to the Reporting Person on December 16, 2015 as part of the share-based portion of his fee for service as a Director, as provided in the Reporting Person's Award Agreement.
[F2]Represents the vesting of 5,988 Restricted Share Units awarded to the Reporting Person on December 16, 2015 as part of the share-based portion of his fee for services as a Director.
[F3]Immediately upon vesting, the Reporting Person's common shares were contributed to DFR Holdings, LLC, which owns approximately 74% of the Issuer's common shares, according to a Schedule 13D/A filed on September 25, 2015 by DFR Holdings, LLC.
[F4]Each Restricted Share Unit represents a contingent right to receive one common share of the Issuer.
[F5]All of the Restricted Share Units shall become vested on the earlier of (a) the date on which the Issuer holds its 2016 Annual Meeting if the Participant has remained in continuous Service from the Grant Date through the Annual Meeting, (b) the date, within ninety (90) days after a Sale Event, on which no Director as of the date of the Award Agreement remains a member of the Board and (c) July 1, 2016 (provided that the Participant has remained in continuous Service from the Grant Date through July 1, 2016). Capitalized terms used herein shall have the meanings assigned to them in the Award Agreement.

Documents

1 file

CIFC LLC

CIK 0001649709

Entity typeoperating

IncorporatedDE