Anthony J. Buzzelli - 01 Jun 2022 Form 4 Insider Report for TriState Capital Holdings, Inc.

Role
Director
Signature
/s/ Karla Villatoro de Friedman, General Counsel of TriState Capital Bank, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Jun 2022
Net transactions value
$0
Form type
4
Filing time
02 Jun 2022, 14:05:31 UTC
Previous filing
04 Apr 2022
Next filing
06 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSC Common Stock Disposed to Issuer -25,000 -100% 0 01 Jun 2022 Direct F1
transaction TSC Common Stock Disposed to Issuer -9,000 -100% 0 01 Jun 2022 Direct F2

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
transaction TSC Stock Options (Right to Buy) Disposed to Issuer -4,000 -100% 0 01 Jun 2022 Common Stock 4,000 $12.97 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Anthony J. Buzzelli is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of upon completion of the merger (the "Merger") of Macaroon One LLC, a wholly owned subsidiary of Raymond James Financial, Inc. ("RJF"), with and into the Issuer, effective June 1, 2022. Pursuant to the Agreement and Plan of Merger, dated as of October 20, 2021, by and among the Issuer, RJF, Macaroon One LLC and Macaroon Two LLC (the "Merger Agreement"), upon completion of the Merger, each outstanding share of the Issuer's common stock was converted into the right to receive 0.25 shares of RJF common stock and $6.00 in cash. The closing price per share of RJF common stock on May 31, 2022, the last trading day prior to completion of the Merger, was $98.49.
F2 Pursuant to the Merger Agreement, upon completion of the Merger, each outstanding restricted share of the Issuer's common stock was converted into the right to receive 0.25 shares of RJF common stock and $6.00 in cash. The closing price per share of RJF common stock on May 31, 2022, the last trading day prior to completion of the Merger, was $98.49.
F3 This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $65,331 which is the product (rounded down to the nearest whole number) of 4,000 option shares and i) $29.3029 minus ii) $12.97 (the exercise price of the options).
F4 2,000 of these options vested and became exercisable on or about November 1, 2016, and the remaining 2,000 options vested and became exercisable on May 1, 2019.