4//SEC Filing
CIFC LLC 4
Accession 0001649709-16-000127
CIK 0001649709operating
Filed
Nov 27, 7:00 PM ET
Accepted
Nov 28, 10:34 AM ET
Size
16.3 KB
Accession
0001649709-16-000127
Insider Transaction Report
Form 4
CIFC LLCCIFC
Wriedt Oliver
Co-President
Transactions
- Other
Common Shares
2016-11-21−100,000→ 0 total - Disposition to Issuer
Share Option
2016-11-21−300,000→ 0 totalExercise: $8.81From: 2015-01-01Exp: 2024-06-13→ Common Shares (300,000 underlying) - Other
Common Shares
2016-11-21−240,000→ 458,520 total - Disposition to Issuer
Common Shares
2016-11-21$11.36/sh−82,676$939,199→ 0 total(indirect: Held in Deutsche Bank Group International Pension Plan) - Disposition to Issuer
Common Shares
2016-11-21$11.36/sh−358,520$4,072,787→ 100,000 total - Disposition to Issuer
Common Shares
2016-11-21$11.36/sh−12,000$136,320→ 698,520 total - Disposition to Issuer
Share Option
2016-11-21−505,000→ 0 totalExercise: $4.83From: 2013-03-01Exp: 2022-03-01→ Common Shares (505,000 underlying)
Footnotes (5)
- [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]Pursuant to a Rollover Agreement (the "Rollover Agreement"), by and between F.A.B. Holdings I LP ("Parent") and the reporting person, the reporting person contributed these time-based restricted share units to Parent in exchange for a number of Parent's restricted limited partnership units calculated pursuant to the Rollover Agreement, effective as of the Effective Time (as defined by the Agreement and Plan of Merger), at a value of the Merger Consideration.
- [F3]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.
- [F4]Pursuant to the Rollover Agreement, the reporting person contributed these common shares to Parent in exchange for a number of Parent's limited partnership interests calculated pursuant to the Rollover Agreement, effective as of the Effective Time (as defined by the Agreement and Plan of Merger), at a value of the Merger Consideration.
- [F5]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 27, 7:00 PM ET
- Accepted
- Nov 28, 10:34 AM ET
- Size
- 16.3 KB