SEC Form 4 · accession 0001545421-16-000010

CIFC Corp. · CIFC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Co-Pres & CIO

Period of report

Dec 31, 2015

Accepted (ET)

Jan 5, 2016 · 7:59 pm EST

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 Stock	Dec 31, 2015	M	15,000	$0.00	A	102,223	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F2	—	Dec 31, 2015	M	15,000	D	—	—	Common Stock	15,000	264,000	D
Restricted Stock Units^F1	—	Dec 31, 2015	A	56,250	A	Mar 31, 2016	Mar 31, 2016	Common Stock	56,250	56,250	D

F1Each Restricted Stock Unit represents a contingent right to receive on share of Common Stock of the Issuer.
F2The Restricted Stock Units vest in five equal tranches and installments as follows: (i) 60,000 vest at a rate of 20% on December 31, 2014 and in 16 equal quarterly installments thereafter; (ii) 60,000 vest at a rate of 20% on December 31, 2015 and in 16 equal quarterly installments thereafter; (iii) 60,000 vest at a rate of 20% on December 31, 2016 and in 16 equal quarterly installments thereafter; (iv) 60,000 vest at a rate of 20% on December 31, 2017 and in 16 equal quarterly installments thereafter; and (v) 60,000 vest at a rate of 20% on December 31, 2018 and in 16 equal quarterly installments thereafter. The Restricted Stock Units are subject to adjustment, acceleration and forfeit as more fully described in the Restricted Stock Unit Award Agreement, dated June 13, 2014, between the Issuer and the Reporting Person.
F3Grant resulting from meeting certain performance criteria contained in an award agreement made on June 13, 2014, as amended on December 31, 2015.