SEC Form 4 · accession 0000899243-17-019744
Brighthouse Financial, Inc. · BHF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
METLIFE INC
Director · 10% Owner
Period of report
Aug 3, 2017
Accepted (ET)
Aug 3, 2017 · 7:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001685040
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1,F2 | Aug 3, 2017 | A | 119,673,106 | — | A | 119,773,106 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On July 27, 2017, MetLife, Inc. ("MetLife") agreed to contribute all of the common interests of Brighthouse Holdings, LLC to Brighthouse Financial, Inc. ("Brighthouse Financial") and, in exchange, Brighthouse Financial agreed to issue shares of its common stock to MetLife in a number to be determined, and to pay other consideration to MetLife. On August 3, 2017 Brighthouse Financial determined that it would issue 119,673,106 shares of its common stock to MetLife. Brighthouse Financial's Registration Statement on Form 10, as amended, describes the assets of Brighthouse Holdings, LLC. Prior to this transaction, MetLife owned 100,000 shares of Brighthouse Financial common stock. Both prior to and subsequent to the reported transaction, MetLife owned 100% of Brighthouse Financial outstanding common stock.
- F2MetLife has announced that it expects to distribute 96,776,670 of the 119,773,106 shares of Brighthouse Financial common stock to MetLife common stockholders on August 4, 2017. The record date for the distribution was 5:00 p.m., New York City time, July 19, 2017.