SEC Form 4 · accession 0000899243-19-001444

Cadence Bancorporation · CADE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Executive Vice President & CFO

Period of report

Jan 15, 2019

Accepted (ET)

Jan 17, 2019 · 9:27 pm EST

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 share^F1	Jan 15, 2019	A	46,666	—	A	58,274	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option (right to buy)^F2	$20.23	Jan 15, 2019	A	232,024	A	—	Jan 15, 2026	Class A Common Stock, par value $0.01 per share	232,024	232,024	D

F1Represents the grant of time-vesting restricted stock units pursuant to the Amended and Restated Cadence Bancorporation 2015 Omnibus Incentive Plan (the "Plan"). The units vest as follows: (i) 12,791 units vest in three equal installments on each of January 14, 2020, January 14, 2021 and January 14, 2022, 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) and (ii) 33,875 units vest in twelve equal quarterly installments beginning on April 15, 2019, 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 grant to Reporting Person of seven-year Non-Qualified Stock Option to buy Class A Common Stock pursuant to the Plan. The option vests in three equal annual installments beginning on January 15, 2020. Such options will terminate on January 15, 2026 unless terminated sooner in accordance with the Plan or award agreement.