SEC Form 4 · accession 0001209191-17-030933
Silver Bay Realty Trust Corp. · SBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence B Shapiro
Officer — Chief Operating Officer
Period of report
May 9, 2017
Accepted (ET)
May 9, 2017 · 4:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001557255
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1,F2 | May 9, 2017 | A | 72,939 | — | A | 154,976 | D | |
| Common Stock, par value $0.01 per shareF3,F2 | May 9, 2017 | D | 154,976 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects the number of outstanding shares of performance-based stock units, including dividend equivalent units, which vested in full pursuant to the Merger Agreement (defined in Footnote 3) and will be cancelled and converted into the right to receive an amount in cash equal to the product of the aggregate number of shares of this Common Stock and the Merger Consideration (defined in Footnote 3).
- F2Common Stock cancelled and converted into the right to receive an amount in cash equal to the product of the aggregate number of shares of this Common Stock and the Merger Consideration.
- F3On February 27, 2017, the Issuer entered into a Merger and Plan of Merger among Tricon Capital Group Inc., TAH Acquisition Holdings LLC, TAH Acquisition LP, Silver Bay Management LLC and Silver Bay Operating Partnership L.P. (the "Merger Agreement"). Upon completion of the merger, the Reporting Person's shares of the Issuer's Common Stock were cancelled and converted into the right to receive $21.50 per share in cash, without interest (the "Merger Consideration").