SEC Form 4 · accession 0001649709-16-000124
CIFC LLC · CIFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Gleysteen
Director
Period of report
Nov 21, 2016
Accepted (ET)
Nov 23, 2016 · 6:26 pm 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share OptionF1 | $7.25 | Nov 21, 2016 | D | 800,000 | D | Jun 15, 2012 | Jun 15, 2021 | Common Shares | 800,000 | 0 | D |
| Share OptionF2 | $5.10 | Nov 21, 2016 | D | 407,813 | D | Jan 31, 2013 | Mar 21, 2022 | Common Shares | 407,813 | 0 | D |
Explanation of responses
- F1As of the effective time of the merger pursuant to the Agreement and Plan of Merger, dated August 19, 2016, by and among the Company, F.A.B. Holdings I LP and CIFC Acquisition, LLC (the "Merger"), each outstanding share option to purchase common shares was canceled in exchange for the right to receive an amount in cash (subject to any applicable withholding) equal to the product of (i) the total number of common shares subject to the share option as of the effective time of the Merger and (ii) the amount by which the merger consideration of $11.36 in chase per share (the "Merger Consideration") exceeds the exercise price per share of common shares underlying the share option.
- F2As of the effective time of the Merger, each outstanding share option to purchase common shares was canceled in exchange for the right to receive an amount in cash (subject to any applicable withholding) equal to the product of (i) the total number of common shares subject to the share option as of the effective time of the Merger and (ii) the amount by which the Merger Consideration exceeds the exercise price per share of common shares underlying the share option.