SEC Form 4 · accession 0001559651-16-000009
CIFC LLC · CIFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julian Weldon
Officer — GC, CCO and Secretary
Period of report
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 11:03 am 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 | Jun 30, 2016 | M | 3,334 | $0.00 | A | 123,501 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF2,F3 | — | Jun 30, 2016 | M | 3,334 | D | — | — | Common Shares | 3,334 | 20,000 | D |
Explanation of responses
- F1Restricted Share Units granted March 30, 2015 and February 9, 2016 were previously reported on Table II as derivative securities. The balance of those grants, 103,501 Restricted Share Units, are now included in Table I, Column 5.
- F2Each Restricted Share Unit represents a contingent right to receive one Common Share of the Issuer.
- F3Reflects Restricted Share Units received by the Reporting Person on March 30, 2015, approximately 33% of which vested on December 31, 2015, and approximately 8.3% of which vest on the last day of each of the subsequent eight fiscal quarters. The Restricted Share Units are subject to adjustment, acceleration and forfeit as more fully described in the Restricted Share Unit Award Agreement, dated March 30, 2015, between the Issuer and the Reporting Person.