0001127602-17-022220.txt : 20170627
0001127602-17-022220.hdr.sgml : 20170627
20170627144008
ACCESSION NUMBER: 0001127602-17-022220
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170623
FILED AS OF DATE: 20170627
DATE AS OF CHANGE: 20170627
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PRIVATEBANCORP, INC
CENTRAL INDEX KEY: 0000889936
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 363681151
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 120 SOUTH LASALLE STREET
STREET 2: 4TH FLOOR
CITY: CHICAGO
STATE: IL
ZIP: 60603
BUSINESS PHONE: 3126837100
MAIL ADDRESS:
STREET 1: 120 SOUTH LASALLE STREET
STREET 2: 4TH FLOOR
CITY: CHICAGO
STATE: IL
ZIP: 60603
FORMER COMPANY:
FORMER CONFORMED NAME: PRIVATEBANCORP INC
DATE OF NAME CHANGE: 19990408
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ahrens C. Brant
CENTRAL INDEX KEY: 0001417782
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34066
FILM NUMBER: 17932086
MAIL ADDRESS:
STREET 1: 2323 KENILWORTH AVENUE
CITY: WILMETTE
STATE: IL
ZIP: 60091
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2017-06-23
1
0000889936
PRIVATEBANCORP, INC
PVTB
0001417782
Ahrens C. Brant
C/O PRIVATEBANCORP, INC.
120 S. LASALLE STREET
CHICAGO
IL
60603
1
President, Personal Client Ser
Common Stock
2017-06-23
4
D
0
87778
D
0
D
Option To Purchase Common Stock
14.99
2017-06-23
4
D
0
17328
D
2021-04-01
Common Stock
17328
0
D
Option To Purchase Common Stock
14.39
2017-06-23
4
D
0
15015
D
2022-02-22
Common Stock
15015
0
D
Option To Purchase Common Stock
17.95
2017-06-23
4
D
0
13876
D
2016-03-01
2023-02-22
Common Stock
13876
0
D
Option To Purchase Common Stock
27.94
2017-06-23
4
D
0
6127
D
2017-03-01
2024-02-21
Common Stock
6127
0
D
Option To Purchase Common Stock
35.16
2017-06-23
4
D
0
5102
D
2018-03-01
2025-02-20
Common Stock
5102
0
D
Option To Purchase Common Stock
34.13
2017-06-23
4
D
0
5212
D
2019-03-01
2026-02-19
Common Stock
5212
0
D
Phantom Stock Units
2017-06-23
4
D
0
1679.067
D
Common Stock
1679.067
0
D
Represents 47,833 shares of issuer common stock, 14,188 unvested restricted stock units, 7,714 vested restricted stock units, 6,540 shares of common stock issuable under performance share units granted to the reporting person in 2013, 9,990 shares of common stock issuable under performance share units granted to the reporting person in 2014 and 1,513 shares of common stock issuable under performance share units granted to the reporting person in 2015. Pursuant to the Agreement and Plan of Merger among Canadian Imperial Bank of Commerce ("CIBC"), CIBC Holdco Inc. and the issuer, dated June 29, 2016, as amended (the "Merger Agreement"), each share of common stock of the issuer was converted into the right to receive: (i) $27.20 in cash; and (ii) 0.4176 common shares of CIBC. The closing price of CIBC common stock on June 22, 2017, the last trading day prior to the effective time of the merger, was $80.95 per share. Pursuant to the Merger Agreement, each unvested restricted stock unit award was converted into a cash-settled CIBC restricted stock unit award relating to 0.7572 CIBC common shares. Pursuant to the Merger Agreement, each vested restricted stock unit award was cancelled and converted into the right to receive a cash payment of $60.6452.
Pursuant to the Merger Agreement, each performance share unit granted to the reporting person in 2013 was converted into a cash-settled CIBC restricted stock unit award relating to 0.7572 CIBC common shares. Pursuant to the Merger Agreement, each performance share unit granted to the reporting person in 2014 was cancelled and converted into the right to receive a cash payment of $60.6452. Pursuant to the Merger Agreement, each performance share unit granted to the reporting person in 2015 was converted on the Effective Date into a cash-settled CIBC restricted stock unit award relating to 0.7572 CIBC common shares.
Options were granted on April 1, 2011, one-third of which vested on the anniversary date in each of 2012, 2013 and 2014.
Pursuant to the Merger Agreement, each stock option was converted into an option to purchase 0.7572 shares of CIBC common stock for $19.80 per share.
Options were granted on February 22, 2012 as part of the reporting person's 2012 long-term incentive award, one-third of which vested on March 1 of each of 2013, 2014 and 2015.
Pursuant to the Merger Agreement, each stock option was converted into an option to purchase 0.7572 shares of CIBC common stock for $19.00 per share.
Pursuant to the Merger Agreement, each stock option was converted into an option to purchase 0.7572 shares of CIBC common stock for $23.71 per share.
Pursuant to the Merger Agreement, each stock option was converted into an option to purchase 0.7572 shares of CIBC common stock for $36.90 per share.
Pursuant to the Merger Agreement, each stock option was converted into an option to purchase 0.7572 shares of CIBC common stock for $46.43 per share.
Pursuant to the Merger Agreement, each stock option was converted into an option to purchase 0.7572 shares of CIBC common stock for $45.07 per share.
The phantom stock units convert to common stock of the Issuer on a 1-for-1 basis.
The phantom stock units are to be settled in common stock of the Issuer upon the date previously elected by the reporting person.
Pursuant to the Merger Agreement, each phantom stock unit of the issuer was converted into a cash-settled phantom stock unit of CIBC relating to 0.7572 shares of CIBC.
/s/ Zack Christensen, Attorney-in-Fact
2017-06-27