SEC Form 4 · accession 0000899243-16-017679
Triumph Financial, Inc. · TFIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas M Kratz
Director
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 6:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001539638
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 1, 2016 | A | 1,260 | $0.00 | A | 141,403 | D | |
| Common StockF3 | holding | — | — | — | 7,798 | I | By wells Fargo Bank NA FBO reporting |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Preferred StockF4 | — | holding | — | — | — | — | — | Common Stock | 141,057 | 141,057 | D |
Explanation of responses
- F1Represents shares of common stock of Issuer granted to the reporting person under Issuer's 2014 Omnibus Incentive Plan. All of such shares were fully vested as of the date of grant.
- F2Consists of (i) 140,415 shares of common stock of Issuer directly held by reporting person, and (ii) 988 shares of restricted stock of the reporting person subject to future time vesting requirements.
- F3These 7,798 shares of common stock of Issuer are held for the benefit of reporting person by Wells Fargo Bank, National Association, pursuant to a holdback escrow agreement entered into in connection with Issuer's acquisition of Triumph Community Bank in October 2013.
- F4Reporting person has the right to acquire 141,057 shares of common stock of Issuer through the conversion of 20,325 shares of Series B Convertible Preferred Stock at a conversion rate of 6.94008 shares of common stock for every one share of Series B Preferred Stock. Such conversion may be effected at any time while such preferred shares are outstanding.