4//SEC Filing
CIFC LLC 4
Accession 0001649709-16-000113
CIK 0001649709operating
Filed
Nov 22, 7:00 PM ET
Accepted
Nov 23, 6:02 PM ET
Size
9.1 KB
Accession
0001649709-16-000113
Insider Transaction Report
Form 4
CIFC LLCCIFC
Agarwal Rahul N
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Shares
2016-11-21$11.36/sh−29,735$337,790→ 0 total - Disposition to Issuer
Common Shares
2016-11-21$11.36/sh−65,933$748,999→ 29,735 total - Disposition to Issuer
Share Option
2016-11-21−100,000→ 0 totalExercise: $7.78From: 2013-12-21Exp: 2022-12-21→ Common Shares (100,000 underlying)
Footnotes (3)
- [F1]Represents time-based restricted share units subject to vesting over time, which were vested and canceled at the effective time of the merger pursuant to the Agreement and Plan of Merger, dated August 19, 2016, by and among the Company, F.A.B. Holdings I LP and CIFC Acquisition, LLC (the "Merger"), in exchange for the right to receive $11.36 in cash per share (the "Merger Consideration"), without interest and subject to any withholding of taxes required by applicable law.
- [F2]Represents common shares converted into the right to receive the Merger Consideration, without interest and subject to any withholding of taxes required by applicable law.
- [F3]As of the effective time of the Merger, each outstanding share option to purchase common shares was canceled in exchange for the right to receive an amount in cash (subject to any applicable withholding) equal to the product of (i) the total number of common shares subject to the share option as of the effective time of the Merger and (ii) the amount by which the Merger Consideration exceeds the exercise price per share of common shares underlying the share option.
Documents
Issuer
CIFC LLC
CIK 0001649709
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001649709
Filing Metadata
- Form type
- 4
- Filed
- Nov 22, 7:00 PM ET
- Accepted
- Nov 23, 6:02 PM ET
- Size
- 9.1 KB