SEC Form 4 · accession 0000899243-18-011554
Cadence Bancorporation · CADE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samuel M. Tortorici
Officer — President
Period of report
May 2, 2018
Accepted (ET)
May 4, 2018 · 5:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001614184
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.01 per shareF1 | May 2, 2018 | A | 8,490 | — | A | 18,490 | D | |
| Class A Common Stock, par value $0.01 per shareF2,F3 | Apr 19, 2017 | P$0 | 750 | — | A | 750 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the grant of time-vesting restricted stock units pursuant to the Amended and Restated Cadence Bancorporation 2015 Omnibus Incentive Plan. The units vest in three equal installments on each of March 31, 2019, March 31, 2020 and March 31, 2021, subject to continued employment through each applicable vesting date, and are settled in shares of Class A common stock (with any fractional shares settled in cash).
- F2Represents shares of Class A common stock purchased through a directed share program in connection with the initial public offering of the Class A common stock (the "IPO"), which closed on April 19, 2017. The shares of Class A common stock were purchased at the initial public offering price of $20.00 per share. The shares are subject to a lock up provision for a period of 180 days, as required under a lock-up agreement with the underwriters of the IPO.
- F3Held by the reporting person's sister.