CIFC LLC 4
4 · CIFC LLC · Filed Nov 23, 2016
Insider Transaction Report
Form 4
CIFC LLCCIFC
Gleysteen Peter
Director
Transactions
- Disposition to Issuer
Share Option
2016-11-21−407,813→ 0 totalExercise: $5.10From: 2013-01-31Exp: 2022-03-21→ Common Shares (407,813 underlying) - Disposition to Issuer
Share Option
2016-11-21−800,000→ 0 totalExercise: $7.25From: 2012-06-15Exp: 2021-06-15→ Common Shares (800,000 underlying)
Footnotes (2)
- [F1]As of 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"), 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 of $11.36 in chase per share (the "Merger Consideration") exceeds the exercise price per share of common shares underlying the share option.
- [F2]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.