SEC Form 4 · accession 0001649709-16-000013
CIFC LLC · CIFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Serota
Director
Period of report
Feb 9, 2016
Accepted (ET)
Feb 24, 2016 · 8:52 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001649709
Table I — non-derivative securities
No Table I lines on this filing.
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 | — | Feb 9, 2016 | A | 8,961 | A | — | — | Common Shares | 8,961 | 8,961 | D |
Explanation of responses
- F1Each Restricted Share Unit represents a contingent right to receive one Common Share of the Issuer.
- F2All of the Restricted Share Units shall become vested on the earlier of (a) the date on which the Issuer holds its 2016 Annual Meeting if the Participant has remained in continuous Service from the Grant Date through the Annual Meeting, (b) the date, within ninety (90) days after a Sale Event, on which no Director as of the Grant Date remains a member of the Board and (iii) July 1, 2016 (provided that the Participant has remained in continuous Service from the Grant Date through July 1, 2016). Capitalized terms used herein shall have the meanings assigned to them in the Award Agreement.