SEC Form 4 · accession 0001546184-15-000003
CIFC Corp. · CIFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oliver Wriedt
Officer — Co-President
Period of report
Dec 31, 2014
Accepted (ET)
Jan 2, 2015 · 7:36 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, 2014 | M | 12,000 | $0.00 | A | 177,971 | D | |
| Common Stock | Jan 1, 2015 | M | 50,000 | $0.00 | A | 227,971 | D | |
| Common StockF1 | holding | — | — | — | 47,674 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Dec 31, 2014 | M | 12,000 | D | — | — | Common Stock | 12,000 | 288,000 | D |
| Restricted Stock UnitsF2,F4 | — | Jan 1, 2015 | M | 50,000 | D | — | — | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Held in Deutsche Bank Group International Pension Plan
- F2Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of the Issuer.
- F3The 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.
- F450% of the Restricted Stock Units vest on January 1, 2015 and the remaining 50% vest on January 1, 2016, and 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.