Donald P. Smith - Apr 1, 2021 Form 4 Insider Report for Santander Consumer USA Holdings Inc. (SC)

Signature
/s/ Rich Walden, Attorney-in-Fact
Stock symbol
SC
Transactions as of
Apr 1, 2021
Transactions value $
$22
Form type
4
Date filed
2/2/2022, 01:39 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SC Common Stock Purchase $21.90 +0.814 +1.63% $26.97 50.7 Apr 1, 2021 Direct F1
transaction SC Common Stock Disposed to Issuer -50.7 -100% 0 Jan 31, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Donald P. Smith is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Reflects shares acquired as a result of a dividend reinvestment plan administered by the Reporting Person's broker.
F2 Disposed of pursuant to the closing, on January 31, 2022, of the merger ("Merger") whereby Max Merger Sub, Inc. ("Merger Sub") merged with and into the Issuer, pursuant to the Agreement and Plan of Merger, dated August 23, 2021 (the "Merger Agreement"), by and between the Issuer, Santander Holdings USA, Inc. ("Parent") and Merger Sub. Pursuant to the Merger Agreement, each share of Common Stock held by the Reporting Person (other than restricted stock units of the Issuer ("Company RSUs")) was converted into the right to receive $41.50 (the "per share price"), less any required withholding taxes, in the form of American Depositary Shares of Banco Santander ("ADRs").
F3 (Continued from Footnote 2) Under the Merger Agreement, each Company RSU outstanding immediately prior to the effective time of the Merger was canceled and replaced with a restricted stock unit award providing the holder a right to receive a number of ADRs equal to the per share price divided by the closing value of an ADR immediately before the signing date.