SEC Form 4 · accession 0000899243-18-024339
Cadence Bancorporation · CADE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samuel M. Tortorici
Officer — President
Period of report
Sep 10, 2018
Accepted (ET)
Sep 12, 2018 · 6:57 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,F4 | Sep 10, 2018 | J | 100,943 | $0.00 | A | 119,602 | 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 shares of Class A Common Stock, par value $0.01 per share (the "Class A Common Stock") of Cadence Bancorporation received by the Reporting Person in a pro rata in-kind distribution of shares of Class A Common Stock held by Cadence Bancorp, LLC to its unitholders, without consideration.
- 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.
- F4Includes 169 shares of Class A Common Stock acquired through the Cadence Bancorporation 2018 Employee Stock Purchase Plan.