SEC Form 4 · accession 0001546184-16-000027
CIFC LLC · CIFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oliver Wriedt
Officer — Co-President
Period of report
Jan 1, 2016
Accepted (ET)
Jan 5, 2016 · 7:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001649709
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 1, 2016 | M | 50,000 | $0.00 | A | 357,861 | D | |
| Common Stock | holding | — | — | — | 82,676 | I | Held in Deutsche Bank Group International Pension Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jan 1, 2016 | M | 50,000 | D | — | — | Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of the Issuer.
- F250% of the Restricted Stock Units vested on January 1, 2015 and the remaining 50% vested on January 1, 2016, and are subject to adjustment, acceleration and forfeit as more fully described in the Restricted Stock Unit Award Agreement, dated June 13, 2014, between the Issuer and the Reporting Person.
Remarks
On December 31, 2015, CIFC LLC became the successor of CIFC Corp. pursuant to a merger. The merger resulted in CIFC LLC becoming a parent holding company of CIFC Corp., but did not alter the proportionate interests of security holders.