SEC Form 4 · accession 0000950103-15-000012
Hilltop Securities Holdings LLC · SWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James H Ross
Officer — President and CEO · Director
Period of report
Jan 1, 2015
Accepted (ET)
Jan 2, 2015 · 1:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000878520
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock $.10 Par ValueF1 | Jan 1, 2015 | D | 249,843 | — | D | 41,152 | D | |
| Common Stock $.10 Par ValueF2 | Jan 1, 2015 | D | 41,152 | — | D | 0 | D | |
| Common Stock $.10 Par ValueF1 | Jan 1, 2015 | D | 33,000 | — | D | 0 | I | 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As of the effective time (the "Effective Time") of the transactions contemplated by the Agreement and Plan of Merger by and among the Issuer, Hilltop Holdings Inc. ("Hilltop"), and Peruna LLC, dated as of March 31, 2014 (the "Merger Agreement"), pursuant to the terms of the Merger Agreement, each share of the Issuer's common stock held by the reporting person (other than any restricted share of the Issuer's common stock granted to the reporting person following the date of the Merger Agreement) that was outstanding as of immediately prior to the Effective Time was converted into the right to receive (a) 0.2496 shares of Hilltop common stock and (b) $1.94 in cash, without interest.
- F2As of the Effective Time, pursuant to the terms of the Merger Agreement, each restricted share of the Issuer's common stock granted to the reporting person following the date of the Merger Agreement was converted into the right to receive 0.3465 restricted shares of Hilltop common stock. Following the Effective Time, such restricted shares will continue to vest in accordance with their original schedules and will vest (i) in full upon (x) termination of employment by the employer without "cause" or (y) a change of control event (other than the consummation of the transactions contemplated by the Merger Agreement) and (ii) on a pro-rated basis upon termination of employment due to the reporting person's death or disability.