SEC Form 4 · accession 0001649709-16-000042
CIFC LLC · CIFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rahul N Agarwal
Officer — Chief Financial Officer
Period of report
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 11:28 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 | 4,045 | $0.00 | A | 97,164 | 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 | 4,045 | D | — | — | Common Shares | 4,045 | 24,273 | D |
Explanation of responses
- F1Restricted Share Units granted October 9, 2013, December 30, 2014 and February 9, 2016 were previously reported on Table II as derivative securities. The balance of those grants, 69,978 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.
- F31/3 of the Restricted Share Units vest on December 31, 2015 and 1/12 of the Restricted Share Units vest on each of the next eight quarterly anniversaries, with the first quarterly installment vesting on the date that is 3 months from December 31, 2015, and are subject to adjustment, acceleration and forfeit as more fully described in the Restricted Share Unit Award Agreement, effective as of December 30, 2014, between the Issuer and the Reporting Person.