SEC Form 4 · accession 0001614184-19-000018
Cadence Bancorporation · CADE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Virginia A Hepner
Director
Period of report
Jan 1, 2019
Accepted (ET)
Jan 3, 2019 · 4:48 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 |
|---|---|---|---|---|---|---|---|---|
| Cadence Class A Common StockF1,F2 | Jan 1, 2019 | A | 9,203 | — | A | 9,203 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock of Cadence Bancorporation (the "Issuer") received in exchange for 7,241 shares of common stock of State Bank Financial Corporation ("STBZ") pursuant to the merger of STBZ with and into the Issuer (the "Merger").
- F2The exchange ratio in the Merger was 1.271 shares of Issuer common stock for each share of STBZ common stock, with fractional shares paid in cash. On the effective date of the Merger, the most recent closing price of the Issuer's common stock was $16.78 per share, and the most recent closing price of STBZ's common stock was $21.59 per share.