Peter Bell - Jun 9, 2021 Form 4 Insider Report for TCF FINANCIAL CORP (TCF)

Role
Director
Signature
Peter Bell by POA Kirk D. Johnson
Stock symbol
TCF
Transactions as of
Jun 9, 2021
Transactions value $
$0
Form type
4
Date filed
6/9/2021, 07:55 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCF Common Stock Disposed to Issuer -5.97K -100% 0 Jun 9, 2021 Direct F1, F2
transaction TCF Common Stock Disposed to Issuer -6.34K -100% 0 Jun 9, 2021 Deferred Compensation Plan F2, F3, F4
transaction TCF Common Stock Disposed to Issuer -3.59K -100% 0 Jun 9, 2021 IRA F2, F3
transaction TCF Common Stock Disposed to Issuer -20.6K -100% 0 Jun 9, 2021 Spousal Trust F1, F2, F3, F5, F6
holding TCF Common Stock 0 Jun 9, 2021 Trust F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Peter Bell is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Reflects transfer of 3,607 shares from directly owned to Spousal Trust following vesting of a restricted stock award.
F2 Pursuant to the terms of the agreement and plan of merger, dated as of December 13, 2020 (the "Merger Agreement"), between the issuer and Huntington Bancshares Incorporated, a Maryland corporation ("Huntington"), pursuant to which the issuer will merge with and into Huntington (the "Merger"), at the effective time of the Merger (the "Effective Time"), each share of issuer common stock issued and outstanding immediately prior to the Effective Time (other than certain excluded shares) converted into the right to receive 3.0028 shares of Huntington common stock (the "Exchange Ratio"). All fractional share holdings were paid in cash. The Merger closed on June 9, 2021. On June 8, 2021, the closing price of the issuer was $45.18, and the closing price of Huntington was $15.21.
F3 The filing of this statement shall not be construed as an admission that the undersigned is, for the purpose of Section 16 of the Securities and Exchange Act of 1934 or otherwise, the beneficial owner of the securities.
F4 The shares noted are derivative securities based on the Reporting Person's benefits under a non-qualified plan.
F5 Reflects transfer of 4,214 shares from Trust to Spousal Trust.
F6 Also includes 75 shares not previously reported.