SEC Form 4 · accession 0000899243-18-014137
TriState Capital Holdings, Inc. · TSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lovell Minnick Partners LLC
10% Owner
Period of report
May 25, 2018
Accepted (ET)
May 25, 2018 · 5:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001380846
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, no par valueF1,F2,F3,F5 | May 25, 2018 | S | 1,521,535 | $25.71 | D | 1,852,158 | I | By LM III TriState Holdings LLC |
| Common Stock, no par valueF1,F2,F4,F5 | May 25, 2018 | S | 678,465 | $25.71 | D | 825,891 | I | By LM III-A TriState Holdings LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of TriState Capital Holdings, Inc.'s (the "Issuer") common stock sold in an underwritten secondary offering.
- F2Represents the sale price to the underwriters in the secondary offering of $25.71 per share.
- F3James E. Minnick is a member of the board of directors of the Issuer. Mr. Minnick is also the co-chairman of Lovell Minnick Partners LLC ("LMP"). LMP is the managing member of Fund III UGP LLC ("UGP"), which is the general partner of Lovell Minnick Equity Advisors III LP ("LMEA III"), which is, in turn, the general partner of Lovell Minnick Equity Partners III LP ("LMEP III"). LMEP III is the managing member of LM III TriState Holdings LLC ("LM III TSH"), which is the record holder of the reported shares. As a result, each of Mr. Minnick, LMP, UGP, LMEA III, LMEP III and LM III TSH may be deemed to share beneficial ownership of the reported shares.
- F4Mr. Minnick is a member of the board of directors of the Issuer. Mr. Minnick is also the co-chairman of LMP. LMP is the managing member of UGP, which is the general partner of LMEA III, which is, in turn, the general partner of Lovell Minnick Equity Partners III-A LP ("LMEP-A III"). LMEP III-A is the managing member of LM III-A TriState Holdings LLC ("LM III-A TSH"), which is the record holder of the reported shares. As a result, each of Mr. Minnick, LMP, UGP, LMEA III, LMEP-A III, and LM III-A TSH may be deemed to share beneficial ownership of the reported shares.
- F5Each of the foregoing persons in footnotes 3 and 4 expressly disclaims beneficial ownership of the reported shares except to the extent of its pecuniary interest therein.