John Jeffrey Chesnut - Oct 22, 2021 Form 4 Insider Report for ALLIANCE DATA SYSTEMS CORP (BFH)

Role
SVP and Treasurer
Signature
Cynthia L. Hageman, Attorney in Fact
Stock symbol
BFH
Transactions as of
Oct 22, 2021
Transactions value $
-$26,869
Form type
4
Date filed
10/26/2021, 04:04 PM
Next filing
Nov 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFH Common Stock Tax liability -$26.9K -277 -1.43% $97.00 19.1K Oct 22, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by the Company to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units.
F2 In connection with the planned spinoff of Loyalty Ventures Inc. from Alliance Data Systems Corporation, expected to be completed after market close on November 5, 2021, Mr. Chesnut will be joining the executive team of Loyalty Ventures Inc. Certain of Mr. Chesnut's outstanding equity awards have been accelerated effective October 22, 2021 and the remainder will be forfeited and replaced in equivalent value by Loyalty Ventures Inc. at a future date, consistent with the terms of the Employee Matters Agreement described in, and filed on, Form 10-12B/A by Loyalty Ventures Inc.
F3 The total number of securities beneficially owned includes: (a) 4,564.678 unrestricted shares; (b) 9,110 unvested time-based restricted stock units granted 2/16/21; and (c) 5,466 unvested performance-based restricted stock units granted 2/16/21.