4//SEC Filing
COMMUNITY FINANCIAL SHARES INC 4
Accession 0001225208-15-015995
CIK 0001123735operating
Filed
Jul 27, 8:00 PM ET
Accepted
Jul 28, 4:24 PM ET
Size
12.3 KB
Accession
0001225208-15-015995
Insider Transaction Report
Form 4
WILSON DONALD H
Director
Transactions
- Disposition to Issuer
Common Stock
2015-07-24−500,000→ 0 total - Conversion
Common Stock
2015-07-24+400,000→ 500,000 total - Conversion
Series C Preferred Stock
2015-07-24−4,000→ 0 totalFrom: 2012-12-21→ Common Stock (400,000 underlying)
Footnotes (2)
- [F1]Pursuant to the articles supplementary to the articles of incorporation of Community Financial Shares, Inc. for the Series C Convertible Noncumulative Perpetual Preferred Stock, which was approved by stockholders at a special meeting on July 16, 2015, each Series C Convertible Noncumulative Perpetual Preferred Stock automatically converted into 100 shares of common stock of the issuer immediately prior to the effective time of the merger between issuer and Wintrust Merger Sub LLC, a wholly-owned subsidiary of Wintrust Financial corporation (the "Merger"), pursuant to an Agreement and Plan of Merger, dated March 2, 2015, among the issuer, Wintrust and Merger Sub (the "Merger Agreement"), without any action on the part of the holder of such Series C Convertible Noncumulative Perpetual Preferred Stock. The Merger was completed on July 24, 2015.
- [F2]Pursuant to the Merger Agreement each share of issuer common stock was converted into the right to receive 0.013 shares of Wintrust Financial Corporation common stock and $0.71 in cash, plus $54.37 for any fractional share of Wintrust Financial Corporation common stock to which the individual would have been otherwise entitled. Accordingly, on July 24, 2015, the effective date of the merger, the reporting person's shares of issuer common stock were disposed of in exchange for 6,500 shares of Wintrust Financial Corporation common stock and $355,000.00 in cash.
Documents
Issuer
COMMUNITY FINANCIAL SHARES INC
CIK 0001123735
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001123735
Filing Metadata
- Form type
- 4
- Filed
- Jul 27, 8:00 PM ET
- Accepted
- Jul 28, 4:24 PM ET
- Size
- 12.3 KB