0001104659-20-100803.txt : 20200831
0001104659-20-100803.hdr.sgml : 20200831
20200831163027
ACCESSION NUMBER: 0001104659-20-100803
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200828
FILED AS OF DATE: 20200831
DATE AS OF CHANGE: 20200831
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SCHUTZ ANTON VILLARS
CENTRAL INDEX KEY: 0001177044
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39215
FILM NUMBER: 201151842
MAIL ADDRESS:
STREET 1: 396 ALHAMBRA CIRCLE, STE. 255
CITY: CORAL GABLES
STATE: FL
ZIP: 33134
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Professional Holding Corp.
CENTRAL INDEX KEY: 0001630856
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 465144312
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 396 ALHAMBRA CIRCLE, STE. 255
CITY: CORAL GABLES
STATE: FL
ZIP: 33146
BUSINESS PHONE: 786-483-1757
MAIL ADDRESS:
STREET 1: 396 ALHAMBRA CIRCLE, STE. 255
CITY: CORAL GABLES
STATE: FL
ZIP: 33146
4
1
tm2029807d3_form4.xml
FORM 4
X0306
4
2020-08-28
0
0001630856
Professional Holding Corp.
PFHD
0001177044
SCHUTZ ANTON VILLARS
396 ALHAMBRA CIRCLE, SUITE 255
CORAL GABLES
FL
33146
1
0
0
0
Class A Common Stock
2020-08-28
4
S
0
131900
10.75
D
0
I
Mendon Capital Master Fund, Ltd.
Class B Common Stock
2020-08-28
4
S
0
125300
10.75
D
0
I
Mendon Capital Master Fund, Ltd.
Class A Common Stock
2020-08-28
4
S
0
200643
10.75
D
0
I
Mendon Capital QP, LP
Class B Common Stock
2020-08-28
4
S
0
207711
10.75
D
0
I
Mendon Capital QP, LP
Class A Common Stock
2020-08-28
4
S
0
34438
10.75
D
0
I
Iron Road Multi-Strategy Fund LP
Class B Common Stock
2020-08-28
4
S
0
17540
10.75
D
0
I
Iron Road Multi-Strategy Fund LP
Class A Common Stock
2020-08-28
4
S
0
24270
10.75
D
0
I
Mendon Global Long/Short Financial QP Fund Ltd.
Class A Common Stock
2020-08-28
4
S
0
248430
10.75
D
0
I
RMB Mendon Financial Services Fund
Class A Common Stock
2020-08-28
4
J
0
526
0
D
0
D
Share Appreciation Rights
See Footnote
2500
D
Share Appreciation Rights
See Footnote
5000
D
Share Appreciation Rights
See Footnote
10000
D
Mendon Capital Master Fund Ltd. sold 131,900 shares of PFHD's Class A Common Stock and retained 133,000 shares of PFHD's Class A Common Stock. Mr. Schutz does not have any interest in the remaining 133,000 shares of PFHD's Class A Common Stock held by Mendon Capital Master Fund Ltd., resulting in -0- shares of PFHD Class A Common Stock held by Mendon Capital Master Fund Ltd. being beneficially owned by Mr. Schutz as of August 28, 2020.
Represents the cancellation of 526 shares of unvested restricted stock previously granted to Mr. Schutz as Director's fees.
Share Appreciation Rights vest upon the earlier of 1,825 calendar days of continuous service after the grant date or the occurrence of certain specified, nonperformance-related events, subject to an election by the recipient. Stock Appreciation Right payments are paid at or shortly following certain specified, nonperformance-related events, such as a change in control of the issuer, in accordance with the participant's election. The Share Appreciation Rights do not expire and the Compensation Committee of the Board of Directors of the issuer has the discretion to pay the unit appreciation payments in cash or stock.
(a) The indirect ownership reflected in this report relates to shares of Class A Common Stock and Class B Common Stock owned and/or previously owned by certain entities for which RMB Capital Management, LLC is the investment adviser, including Mendon Capital Master Fund Ltd., Mendon Capital QP LP, Iron Road Multi-Strategy Fund LP, Mendon Global Long/Short Financial QP Fund Ltd. and RMB Mendon Financial Services Fund, and for which Mr. Schutz is portfolio manager. As a result, Mr. Schutz may be deemed to share voting and investment power over these shares with RMB Capital Management, LLC. Mr. Schutz disclaims any beneficial ownership in the shares described herein except to the extent of his pecuniary interest therein.
/s/ Michael C. Sontag
2020-08-31