SEC Form 4 · accession 0001366367-16-000110
YADKIN FINANCIAL Corp · YDKN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael S Patterson
Director
Period of report
Mar 1, 2016
Accepted (ET)
Mar 2, 2016 · 2:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001366367
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 1, 2016 | A | 215,800 | — | A | 215,800 | D | |
| Common StockF3,F2 | Mar 1, 2016 | A | 27,000 | — | A | 27,000 | I | By Spouse |
| Common StockF4,F2,F5 | Mar 1, 2016 | A | 21 | — | A | 21 | I | By Club |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF6 | $8.16 | Mar 1, 2016 | A | 23,529 | A | Apr 1, 2014 | Aug 1, 2016 | Common Stock | 23,529 | 23,529 | D |
Explanation of responses
- F1Represents shares of common stock of Yadkin Financial Corporation (the "Issuer") received in exchange for 431,601 shares of common stock of NewBridge Bancorp ("NBBC") pursuant to the merger of NBBC with and into the Issuer (the "Merger").
- F2The exchange ratio in the Merger was 0.50 shares of Issuer common stock for each share of NBBC common stock, with fractional shares paid in cash. On the effective date of the Merger, the most recent closing price of the Issuer's common stock was $21.65 per share, and the most recent closing price of NBBC's common stock was $10.93 per share.
- F3Represents shares of common stock of the Issuer received in exchange for 54,000 shares of common stock of NBBC pursuant to the Merger.
- F4Represents shares of common stock of the Issuer received in exchange for 43.4783 shares of common stock of NBBC pursuant to the Merger.
- F5Triangle Investment Club, of which the reporting person is a member
- F6The exchange ratio in the merger of Yadkin Financial Corporation (the "Issuer") for shares of common stock of NewBridge Bancorp ("NBBC") pursuant to the merger of NBBC with and into the Issuer was 0.50 shares of Issuer common stock for each one share of NBBC common stock. The exercise price and the amount of securities reported are converted for the exchange ratio.