0000899243-17-014982.txt : 20170601
0000899243-17-014982.hdr.sgml : 20170601
20170601155232
ACCESSION NUMBER: 0000899243-17-014982
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170530
FILED AS OF DATE: 20170601
DATE AS OF CHANGE: 20170601
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CASCADE BANCORP
CENTRAL INDEX KEY: 0000865911
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 931034484
STATE OF INCORPORATION: OR
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1100 N W WALL ST
STREET 2: P O BOX 369
CITY: BEND
STATE: OR
ZIP: 97709
BUSINESS PHONE: 5413856205
MAIL ADDRESS:
STREET 1: 1100 NW WALL STREET
STREET 2: P.O. BOX
CITY: BEND
STATE: OR
ZIP: 97709
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Johnson Dennis L
CENTRAL INDEX KEY: 0001572624
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23322
FILM NUMBER: 17884706
MAIL ADDRESS:
STREET 1: 1221 W IDAHO ST
CITY: BOISE
STATE: ID
ZIP: 83702
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-05-30
1
0000865911
CASCADE BANCORP
CACB
0001572624
Johnson Dennis L
1100 NW WALL STREET
BEND
OR
97703
1
0
0
0
Common Stock
2017-05-30
4
D
0
7779
D
0
D
Restricted Stock Units
0.00
2017-05-30
4
D
0
4569
7.54
D
Common Stock
4569
0
D
Pursuant to the Merger Agreement (defined below), each outstanding share of common stock of the Issuer (defined below) was converted into the right to receive $1.91 in cash plus 0.14864 shares of First Interstate Class A common stock. First Interstate Class A common stock had a closing market value of $34.30 on the date of the merger.
Pursuant to the Restricted Stock Unit Agreement between Mr. Johnson and the Issuer, the restricted stock units were held until Mr. Johnson's retirement or separation from the Issuer's board of directors.
Pursuant to the Merger Agreement, each outstanding restricted stock unit of the Issuer was cancelled in exchange for the right to receive cash in an amount equal to (i) $7.54 multiplied by (ii) the number of shares of Cascade common stock subject to such restricted stock unit.
All outstanding securities and derivatives issued by Cascade Bancorp (the "Issuer") were disposed of pursuant to the Agreement and Plan of Merger, dated November 17, 2016, between First Interstate BancSystem, Inc. ("First Interstate"), and the Issuer (the "Merger Agreement"), pursuant to which, on May 30, 2017, Cascade Bancorp merged with and into First Interstate, with First Interstate surviving the merger.
/s/ POA by Terry E. Zink
2017-06-01