SEC Form 4 · accession 0001649709-16-000052
CIFC LLC · CIFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Serota
Director
Period of report
Sep 8, 2015
Accepted (ET)
Jul 5, 2016 · 12:27 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 | Jul 1, 2016 | M | 81 | $0.00 | A | 5,012 | D | |
| Common SharesF1 | Jul 1, 2016 | M | 90 | $0.00 | A | 5,102 | D | |
| Common SharesF2 | Jul 1, 2016 | M | 206 | $0.00 | A | 5,308 | D | |
| Common SharesF2 | Jul 1, 2016 | M | 541 | $0.00 | A | 5,849 | D | |
| Common SharesF3 | Jul 1, 2016 | M | 5,988 | $0.00 | A | 11,837 | D | |
| Common SharesF4 | Jul 1, 2016 | M | 8,961 | $0.00 | A | 20,798 | 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 UnitsF1,F5,F6 | — | Sep 8, 2015 | A | 81 | A | — | — | Common Shares | 81 | 81 | D |
| Restricted Share UnitsF1,F5,F6 | — | Jul 1, 2016 | M | 81 | D | — | — | Common Shares | 81 | 0 | D |
| Restricted Share UnitsF1,F5,F6 | — | Dec 1, 2015 | A | 90 | A | — | — | Common Shares | 90 | 90 | D |
| Restricted Share UnitsF1,F5,F6 | — | Jul 1, 2016 | M | 90 | D | — | — | Common Shares | 90 | 0 | D |
| Restricted Share UnitsF2,F5,F6 | — | Apr 15, 2016 | A | 206 | A | — | — | Common Shares | 206 | 206 | D |
| Restricted Share UnitsF2,F5,F6 | — | Jul 1, 2016 | M | 206 | D | — | — | Common Shares | 206 | 0 | D |
| Restricted Share UnitsF2,F5,F6 | — | May 24, 2016 | A | 541 | A | — | — | Common Shares | 541 | 541 | D |
| Restricted Share UnitsF2,F5,F6 | — | Jul 1, 2016 | M | 541 | D | — | — | Common Shares | 541 | 0 | D |
| Restricted Share UnitsF5,F6 | — | Jul 1, 2016 | M | 5,988 | D | — | — | Common Shares | 5,988 | 0 | D |
| Restricted Share UnitsF5,F6 | — | Jul 1, 2016 | M | 8,961 | D | — | — | Common Shares | 8,961 | 0 | D |
Explanation of responses
- F1Represents an adjustment for dividends to the 5,988 Restricted Share Units awarded to the Reporting Person on December 16, 2015 as part of the share-based portion of his fee for service as a Director, as provided in the Reporting Person's Award Agreement.
- F2Represents an adjustment for dividends to the (a) 5,988 Restricted Share Units awarded to the Reporting Person on December 16, 2015 as part of the share-based portion of his fee for service as a Director and (b) 8,961 Restricted Share Units awarded to the Reporting Person on February 9, 2016 as part of the share-based portion of his fee for service as Chairman of the Board from January 1, 2016 to the date of the Issuer's 2016 Annual Meeting, in each case as provided in the Reporting Person's Award Agreements.
- F3Represents the vesting of 5,988 Restricted Share Units awarded to the Reporting Person on December 16, 2015 as part of the share-based portion of his fee for services as a Director.
- F4Represents the vesting of 8,961 Restricted Share Units awarded to the Reporting Person on February 9, 2016 as part of the share-based portion of his fee for service as Chairman of the Board from January 1, 2016 to the date of the Issuer's 2016 Annual Meeting.
- F5Each Restricted Share Unit represents a contingent right to receive one common share of the Issuer.
- F6All 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 date of the Award Agreement remains a member of the Board and (c) 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 Agreements.