SEC Form 4 · accession 0001649709-16-000056
CIFC LLC · CIFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Franklin Smith
Director
Period of report
Sep 8, 2015
Accepted (ET)
Jul 5, 2016 · 12:38 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 | 3,613 | D | |
| Common SharesF1 | Jul 1, 2016 | M | 90 | $0.00 | A | 3,703 | D | |
| Common SharesF1 | Jul 1, 2016 | M | 84 | $0.00 | A | 3,787 | D | |
| Common SharesF1 | Jul 1, 2016 | M | 220 | $0.00 | A | 4,007 | D | |
| Common SharesF2 | Jul 1, 2016 | M | 5,988 | $0.00 | A | 9,995 | 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,F3,F4 | — | Sep 8, 2015 | A | 81 | A | — | — | Common Shares | 81 | 81 | D |
| Restricted Share UnitsF1,F3,F4 | — | Jul 1, 2016 | M | 81 | D | — | — | Common Shares | 81 | 0 | D |
| Restricted Share UnitsF1,F3,F4 | — | Dec 1, 2015 | A | 90 | A | — | — | Common Shares | 90 | 90 | D |
| Restricted Share UnitsF1,F3,F4 | — | Jul 1, 2016 | M | 90 | D | — | — | Common Shares | 90 | 0 | D |
| Restricted Share UnitsF1,F3,F4 | — | Apr 15, 2016 | A | 84 | A | — | — | Common Shares | 84 | 84 | D |
| Restricted Share UnitsF1,F3,F4 | — | Jul 1, 2016 | M | 84 | D | — | — | Common Shares | 84 | 0 | D |
| Restricted Share UnitsF1,F3,F4 | — | May 24, 2016 | A | 220 | A | — | — | Common Shares | 220 | 220 | D |
| Restricted Share UnitsF1,F3,F4 | — | Jul 1, 2016 | M | 220 | D | — | — | Common Shares | 220 | 0 | D |
| Restricted Share UnitsF3,F4 | — | Jul 1, 2016 | M | 5,988 | D | — | — | Common Shares | 5,988 | 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 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 Director.
- F3Each Restricted Share Unit represents a contingent right to receive one common share of the Issuer.
- F4All 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 Directors 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 Agreement.