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4//SEC Filing

Olson Tagar 4

Accession 0001140361-18-035199

CIK 0000933136other
View on SEC.govCompany Profile

Filed

Aug 1, 8:00 PM ET

Accepted

Aug 2, 5:07 PM ET

Size

38.7 KB

Accession

0001140361-18-035199

Insider Transaction Report

Form 4
Period: 2018-07-31
WMIH CORP.WMIH
KKR Fund Holdings GP Ltd
10% Owner
Transactions
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.32Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
  • Conversion

    Common Stock

    2018-07-31$1.35/sh+148,148,148$200,000,000→ 156,081,323 total(indirect: See Footnotes)
  • Conversion

    Series B Convertible Preferred Stock

    2018-07-31−200,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.35→ CommonStock (148,148,148 underlying)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.43Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
  • Purchase

    Common Stock

    2018-07-31+21,197,619→ 21,197,619 total(indirect: See Footnotes)
KKR & Co. L.P.
10% Owner
Transactions
  • Conversion

    Series B Convertible Preferred Stock

    2018-07-31−200,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.35→ CommonStock (148,148,148 underlying)
  • Conversion

    Common Stock

    2018-07-31$1.35/sh+148,148,148$200,000,000→ 156,081,323 total(indirect: See Footnotes)
  • Purchase

    Common Stock

    2018-07-31+21,197,619→ 21,197,619 total(indirect: See Footnotes)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.32Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.43Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
KKR Management LLC
10% Owner
Transactions
  • Conversion

    Common Stock

    2018-07-31$1.35/sh+148,148,148$200,000,000→ 156,081,323 total(indirect: See Footnotes)
  • Purchase

    Common Stock

    2018-07-31+21,197,619→ 21,197,619 total(indirect: See Footnotes)
  • Conversion

    Series B Convertible Preferred Stock

    2018-07-31−200,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.35→ CommonStock (148,148,148 underlying)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.43Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.32Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
KRAVIS HENRY R
10% Owner
Transactions
  • Conversion

    Common Stock

    2018-07-31$1.35/sh+148,148,148$200,000,000→ 156,081,323 total(indirect: See Footnotes)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.43Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
  • Purchase

    Common Stock

    2018-07-31+21,197,619→ 21,197,619 total(indirect: See Footnotes)
  • Conversion

    Series B Convertible Preferred Stock

    2018-07-31−200,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.35→ CommonStock (148,148,148 underlying)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.32Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
KKR Wand Holdings Corp
10% Owner
Transactions
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.32Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.43Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
  • Conversion

    Common Stock

    2018-07-31$1.35/sh+148,148,148$200,000,000→ 156,081,323 total(indirect: See Footnotes)
  • Purchase

    Common Stock

    2018-07-31+21,197,619→ 21,197,619 total(indirect: See Footnotes)
  • Conversion

    Series B Convertible Preferred Stock

    2018-07-31−200,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.35→ CommonStock (148,148,148 underlying)
KKR Group Holdings Corp.
10% Owner
Transactions
  • Conversion

    Common Stock

    2018-07-31$1.35/sh+148,148,148$200,000,000→ 156,081,323 total(indirect: See Footnotes)
  • Purchase

    Common Stock

    2018-07-31+21,197,619→ 21,197,619 total(indirect: See Footnotes)
  • Conversion

    Series B Convertible Preferred Stock

    2018-07-31−200,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.35→ CommonStock (148,148,148 underlying)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.32Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.43Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
Harrington Christopher J
Director
Transactions
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.43Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
  • Purchase

    Common Stock

    2018-07-31+21,197,619→ 21,197,619 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2018-07-31$1.35/sh+148,148,148$200,000,000→ 156,081,323 total(indirect: See Footnotes)
  • Conversion

    Series B Convertible Preferred Stock

    2018-07-31−200,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.35→ CommonStock (148,148,148 underlying)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.32Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
Olson Tagar
Director
Transactions
  • Purchase

    Common Stock

    2018-07-31+21,197,619→ 21,197,619 total(indirect: See Footnotes)
  • Conversion

    Series B Convertible Preferred Stock

    2018-07-31−200,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.35→ CommonStock (148,148,148 underlying)
  • Conversion

    Common Stock

    2018-07-31$1.35/sh+148,148,148$200,000,000→ 156,081,323 total(indirect: See Footnotes)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.32Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.43Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
KKR Fund Holdings L.P.
10% Owner
Transactions
  • Purchase

    Common Stock

    2018-07-31+21,197,619→ 21,197,619 total(indirect: See Footnotes)
  • Conversion

    Series B Convertible Preferred Stock

    2018-07-31−200,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.35→ CommonStock (148,148,148 underlying)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.32Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
  • Conversion

    Common Stock

    2018-07-31$1.35/sh+148,148,148$200,000,000→ 156,081,323 total(indirect: See Footnotes)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.43Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
ROBERTS GEORGE R
10% Owner
Transactions
  • Conversion

    Series B Convertible Preferred Stock

    2018-07-31−200,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.35→ CommonStock (148,148,148 underlying)
  • Conversion

    Common Stock

    2018-07-31$1.35/sh+148,148,148$200,000,000→ 156,081,323 total(indirect: See Footnotes)
  • Purchase

    Common Stock

    2018-07-31+21,197,619→ 21,197,619 total(indirect: See Footnotes)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.32Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
  • Sale

    Warrants

    2018-07-31−30,700,000→ 0 total(indirect: See Footnotes)
    Exercise: $1.43Exp: 2019-01-30→ CommonStock (30,700,000 underlying)
Footnotes (9)
  • [F1]On July 31, 2018, WMIH Corp. (the "Issuer"), Nationstar Mortgage Holdings Inc. ("Nationstar"), and Wand Merger Corporation, a wholly owned subsidiary of the Issuer ("Merger Sub"), completed the merger (the "Merger") under the Agreement and Plan of Merger, pursuant to which Nationstar merged with and into Merger Sub with Nationstar being the surviving entity in the Merger and a wholly owned subsidiary of the Issuer.
  • [F2]Upon effectiveness of the Merger, pursuant to the terms of the Issuer's Amended and Restated Certificate of Incorporation (the "Amended Charter"), the 5.00% Series B Convertible Preferred Stock of the Issuer ("5% Series B Preferred Stock") automatically converted into a number of shares of the Issuer's common stock (the "Common Stock") equal to the $1,000 liquidation preference amount divided by the conversion price of $1.35 per share.
  • [F3]Reflects the acquisition of pro rata dividends and a special distribution, pursuant to the terms of the Amended Charter, on the 5% Series B Preferred Stock exempt from Section 16 under Rule 16a-9 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
  • [F4]Represents securities held directly by KKR Wand Investors Corporation. The sole directors and holders of voting stock of KKR Wand Investors Corporation are Tagar C. Olson and Christopher J. Harrington, each of which is an executive of Kohlberg Kravis Roberts & Co. L.P., which is an affiliate of KKR Fund Holdings L.P. KKR Wand Investors L.P. owns 100% of the economic interest in KKR Wand Investors Corporation. KKR Wand GP LLC is the general partner of KKR Wand Investors L.P. KKR Wand GP LLC is a wholly owned subsidiary of KKR Fund Holdings L.P. Each of KKR Wand Investors Corporation, KKR Wand Investors L.P. and KKR Wand GP LLC is filing a separate Form 3 to report their beneficial ownership over securities of the Issuer.
  • [F5]Upon effectiveness of the Merger, KKR Wand Holdings Corporation exchanged the 61,400,000 warrants of the Issuer it held for 21,197,619 shares of Common Stock pursuant to the terms of a Warrant Exchange Agreement.
  • [F6]Represents securities held directly by KKR Wand Holdings Corporation. The sole directors and holders of voting stock of KKR Wand Holdings Corporation are Tagar C. Olson and Christopher J. Harrington, each of which is an executive of Kohlberg Kravis Roberts & Co. L.P., which is an affiliate of KKR Fund Holdings L.P. KKR Fund Holdings L.P. owns 100% of the economic interest in KKR Wand Holdings Corporation.
  • [F7]KKR Fund Holdings GP Limited is a general partner of KKR Fund Holdings L.P. KKR Group Holdings Corp. is a general partner of KKR Fund Holdings L.P. and the sole shareholder of KKR Fund Holdings GP Limited. KKR & Co. Inc. is the sole shareholder of KKR Group Holdings Corp. KKR Management LLC is the controlling shareholder of KKR & Co. Inc. Messrs. Henry R. Kravis and George R. Roberts are the designated members of KKR Management LLC.
  • [F8]Each of the Reporting Persons may be deemed to be the beneficial owner of all or a portion of the securities reported herein. The filing of this statement shall not be deemed to be an admission that the Reporting Persons are subject to Section 16 of the Exchange Act or that, for purposes of Section 16 of the Exchange Act or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein, and the Reporting Persons disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.
  • [F9]The warrants were immediately exercisable.

Documents

2 files

Issuer

WMIH CORP.

CIK 0000933136

→
Entity typeother

Related Parties

1
  • filerCIK 0001597770

Filing Metadata

Form type
4
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 5:07 PM ET
Size
38.7 KB
View on SEC.gov