SEC Form 4 · accession 0001104659-15-048779
CIFC Corp. · CIFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Lipari
Director
Period of report
Jun 26, 2015
Accepted (ET)
Jun 30, 2015 · 12:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001313918
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 26, 2015 | M | 5,854 | $0.00 | A | 5,854 | D | |
| Common Stock | Jun 26, 2015 | J | 290 | $0.00 | A | 6,144 | D | |
| Common Stock | Jun 26, 2015 | J | 6,144 | $0.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | Jun 26, 2015 | M | 5,854 | D | — | — | Common Stock | 5,854 | 0 | D |
Explanation of responses
- F1Represents the vesting of 5,854 Restricted Stock Units awarded to the Reporting Person on June 5, 2014 as part of the stock-based portion of his fee for service as a Director.
- F2Represents an adjustment for dividends to the 5,854 Restricted Stock Units awarded to the Reporting Person on June 5, 2014 as part of the stock-based portion of his fee for service as a Director, as provided in the Reporting Person's Restricted Stock Unit Award Agreement.
- F3Immediately upon vesting, the reporting person's shares of Common Stock were contributed to DFR Holdings, LLC, which owns approximately 74% of the Issuer's Common Stock, according to Schedule 13D/A filed on April 10, 2015 by DFR Holdings, LLC.
- F4Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of the Issuer.
- F5The Restricted Stock Units were awarded to the Reporting Person by the Issuer on June 5, 2014 as part of the stock-based portion of his fee for service as a Director, pursuant to a Restricted Stock Unit Award Agreement between the Issuer and the Reporting Person, which was approved by the Board of Directors. The Restricted Stock Units vested and settled on June 26, 2015, as reflected in Table I and footnote 1, above.