0001144204-15-049973.txt : 20150814
0001144204-15-049973.hdr.sgml : 20150814
20150814171521
ACCESSION NUMBER: 0001144204-15-049973
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150813
FILED AS OF DATE: 20150814
DATE AS OF CHANGE: 20150814
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: RCS Capital Corp
CENTRAL INDEX KEY: 0001568832
STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
IRS NUMBER: 383894716
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 405 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212.415.6500
MAIL ADDRESS:
STREET 1: 405 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Weil Edward M Jr.
CENTRAL INDEX KEY: 0001490448
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35924
FILM NUMBER: 151057076
MAIL ADDRESS:
STREET 1: C/O AMERICAN REALTY CAPITAL 405 PARK AVE
CITY: NEW YORK
STATE: NY
ZIP: 10022
4
1
v418117_4.xml
OWNERSHIP DOCUMENT
X0306
4
2015-08-13
0
0001568832
RCS Capital Corp
RCAP
0001490448
Weil Edward M Jr.
C/O RCS CAPITAL CORPORATION
405 PARK AVE
NEW YORK
NY
10022
1
1
0
0
Chief Executive Officer
Class A Common Stock
2015-08-13
4
A
0
91340
A
1239669
D
On August 6, 2015, RCS Capital Corporation (the "Company") and RCS Capital Holdings, LLC ("RCS Holdings") entered into a Membership Interest Purchase Agreement with Apollo Management Holdings, L.P. pursuant to which the Company and RCS Holdings agreed to sell their wholesale distribution business (the "Transaction"), consisting of Realty Capital Securities, LLC, and certain related entities, for an aggregate purchase price of $25.0 million, payable in cash and subject to adjustment.
In connection with the Transaction, the Company and RCS Holdings have entered into an agreement (the "Termination Agreement") with RCS Capital Management, LLC ("RCM"), each of the members of RCM, who are also members of RCAP Holdings, and Luxor Capital Group LP pursuant to which RCM and its members have agreed to terminate the Company's services agreement (the "Services Agreement"), pursuant to which RCM serves as service provider to the Company and RCS Holdings, within five business days of the date of the Termination Agreement.
Pursuant to the Termination Agreement, the members of RCM received 2,340,636 shares of Class A common stock on August 13, 2015 as consideration for the termination of the Services Agreement. The reporting person is a member of RCM, and, as such, received 91,340 shares of Class A Common Stock of the Company.
/s/ Edward M. Weil, Jr
2015-08-14