E.H. Dewhurst - Jun 1, 2022 Form 4 Insider Report for TriState Capital Holdings, Inc. (TSC)

Role: Director
Signature: /s/ Karla Villatoro de Friedman, General Counsel of TriState Capital Bank, Attorney-in-Fact
Stock symbol: TSC
Transactions as of: Jun 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/2/2022, 02:12 PM
Previous filing: Mar 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TSC	Common Stock	Disposed to Issuer		-28.4K	-100%		0	Jun 1, 2022	Direct	F1
transaction	TSC	Common Stock	Disposed to Issuer		-9K	-100%		0	Jun 1, 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		-6K	-100%		0	Jun 1, 2022	Common Stock	6K	$10.25	Direct	F3, F4
transaction	TSC	Stock Options (Right to Buy)	Disposed to Issuer		-6K	-100%		0	Jun 1, 2022	Common Stock	6K	$11.78	Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

E.H. Dewhurst 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	3,000 of these options vested and became exercisable on or about 6/30/2015, and the remaining 3,000 options vested and became exercisable on 12/31/2017.
F4	This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $114,317 which is the product (rounded down to the nearest whole number) of 6,000 option shares and i) $29.3029 minus ii) $10.25 (the exercise price of the options).
F5	3,000 of these options vested and became exercisable on 6/13/2016, and the remainder vested and became exercisable on 12/13/2018.
F6	This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $105,137 which is the product (rounded down to the nearest whole number) of 6,000 option shares and i) $29.3029 minus ii) $11.78 (the exercise price of the options).