Liberty 77 Capital L.P. - Mar 11, 2024 Form 3 Insider Report for NEW YORK COMMUNITY BANCORP, INC. (NYCB)

Role
Director
Signature
/s/ See Signatures Included in Exhibit 99.1
Stock symbol
NYCB
Transactions as of
Mar 11, 2024
Transactions value $
$0
Form type
3
Date filed
3/14/2024, 08:02 PM
Next filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NYCB Common Stock 34.9M Mar 11, 2024 See footnotes F1, F2
holding NYCB Series B Preferred Stock 143K Mar 11, 2024 See footnotes F1, F2, F3
holding NYCB Series C Preferred Stock 40K Mar 11, 2024 See footnotes F1, F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding NYCB Series C Preferred Stock Mar 11, 2024 Common Stock 6.75K See footnotes F1, F2, F4
holding NYCB Series D Warrant Mar 11, 2024 Series D Preferred Stock 135K See footnotes F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities included herein are held by Liberty Strategic Capital (CEN) Holdings, LLC, a Delaware limited liability company (the "Liberty Purchaser"). Liberty 77 Capital L.P. (the "Liberty Manager"), a Delaware limited partnership, is the investment manager of the members of the Liberty Purchaser. Liberty 77 Capital Partners L.P. ("Liberty Manager GP"), a Delaware limited partnership, is the general partner of the Liberty Manager. Liberty Capital L.L.C., a Delaware limited liability company, is the general partner of the Liberty Manager GP. STM Partners LLC, a Delaware limited liability company, indirectly controls the Liberty Manager. Steven T. Mnuchin is the trustee of the managing member of STM Partners LLC.
F2 Each Reporting Person disclaims beneficial ownership of these securities except to the extent of its or his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
F3 Under the terms of the Investment Agreement, dated March 7, 2024 (as amended on March 11, 2024), between New York Community Bancorp, Inc. and the Liberty Purchaser (and as may be further amended from time to time, the "Investment Agreement") and the related certificate of designations, at the option of the Liberty Purchaser, the shares of Series B Noncumulative Convertible Preferred Stock, par value $0.01 per share (the "Series B Preferred Stock"), are exchangeable for shares of Common Stock, par value $0.01 per share, of the Issuer (the "Common Stock") upon the occurrence of certain conditions, on a 1-for-1,000 basis, subject to certain adjustments. In addition, the shares of Series B Preferred Stock will convert into Common Stock upon the transfer of such shares to a third party, at such third party purchaser's option, upon the occurrence of certain conditions, on a 1-for-1,000 basis, subject to certain adjustments, and have no expiration date.
F4 Under the terms of the Investment Agreement and the related certificate of designations, at the option of the Liberty Purchaser, 6,751 shares of Series C Noncumulative Convertible Preferred Stock, par value $0.01 per share (the "Series C Preferred Stock"), are immediately convertible into Common Stock on a 1-for-1,000 basis, subject to certain adjustments. In addition, all the shares of Series C Preferred Stock will automatically convert into Common Stock upon the occurrence of certain conditions, on a 1-for-1,000 basis, subject to certain adjustments, and have no expiration date.
F5 From and after September 10, 2024, at the option of the Liberty Purchaser, each warrant is exercisable to purchase one share of non-voting Series D Preferred Stock, par value $0.01 per share, at a price of $2,500 per share, subject to adjustment, and expires on March 11, 2031.

Remarks:

Exhibit 24.1 - Power of Attorney