Alessandro DiNello - 01 Dec 2022 Form 4/A Insider Report for NEW YORK COMMUNITY BANCORP INC (FLG)

Role
Director, Non-Executive Chairman
Signature
Jan M. Klym, By Power of Attorney
Issuer symbol
FLG
Transactions as of
01 Dec 2022
Net transactions value
$0
Form type
4/A
Filing time
25 Jan 2024, 17:18:14 UTC
Date Of Original Report
05 Dec 2022
Previous filing
21 Apr 2022
Next filing
26 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYSE:NYCB Common Stock Award $0 +744,574 $0.000000 744,574 01 Dec 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Correction to the amount of shares acquired in merger transaction. Calculation errors were discovered in the exchange ratio calculation spreadsheet used at the time of the merger, with Flagstar Bancorp, Inc. on December 1, 2022, to prepare the initial Form 4 filing.
F2 Acquired pursuant to the Agreement and Plan of Merger, dated as of April 24, 2021, as amended (the "Merger Agreement"), by and between New York Community Bancorp, Inc. ("NYCB") and Flagstar Bancorp, Inc. ("Flagstar") pursuant to which Flagstar merged with and into NYCB on December 1, 2022 (the "Effective Time"). Pursuant to the Merger Agreement, at the Effective Time of the merger, each share of Flagstar common stock issued and outstanding prior to the Effective Time was converted into the right to receive 4.0151 shares of NYCB common stock and cash in lieu of fractional shares. On December 1, 2022, the closing price of Flagstar's common stock was $37.54 per share and the closing price of NYCB's common stock was $9.19 per share.
F3 Total includes Flagstar RSUs and Flagstar PSUs which were accelerated pursuant to the terms of the reporting person's change-in-control agreement in connection with the merger and exchanged for Merger Consideration pursuant to the terms of the Merger Agreement.