SEC Form 4 · accession 0001546184-16-000031
CIFC LLC · CIFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oliver Wriedt
Officer — Co-President
Period of report
Mar 31, 2016
Accepted (ET)
Apr 4, 2016 · 5:07 pm EDT
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 SharesF1 | Mar 31, 2016 | M | 62,250 | — | A | 470,111 | D | |
| Common Shares | Mar 31, 2016 | F | 14,497 | $7.10 | D | 455,614 | D | |
| Common Shares | 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 Share UnitsF1,F2 | — | Mar 31, 2016 | M | 6,000 | D | Mar 31, 2016 | Mar 31, 2016 | Common Shares | 6,000 | 258,000 | D |
| Restricted Share UnitsF3 | — | Mar 31, 2016 | M | 56,250 | D | Mar 31, 2016 | Mar 31, 2016 | Common Shares | 56,250 | 0 | D |
Explanation of responses
- F1Each Restricted Share Unit represents a contingent right to receive one Common Share of the Issuer.
- F2The Restricted Share Units vest in five equal tranches and installments as follows: (i) 60,000 vest at a rate of 20% on December 31, 2014 and in 16 equal quarterly installments thereafter; (ii) 60,000 vest at a rate of 20% on December 31, 2015 and in 16 equal quarterly installments thereafter; (iii) 60,000 vest at a rate of 20% on December 31, 2016 and in 16 equal quarterly installments thereafter; (iv) 60,000 vest at a rate of 20% on December 31, 2017 and in 16 equal quarterly installments thereafter; and (v) 60,000 vest at a rate of 20% on December 31, 2018 and in 16 equal quarterly installments thereafter. The Restricted Share Units are subject to adjustment, acceleration and forfeit as more fully described in the Restricted Share Unit Award Agreement, dated June 13, 2014, between the Issuer and the Reporting Person.
- F3Grant resulting from meeting certain performance criteria contained in an award agreement made on June 13, 2014, as amended on December 31, 2015.