Marc J. Shapiro - Oct 29, 2021 Form 4 Insider Report for Cadence Bancorporation (CADE)

Role
Director
Signature
Jerry W. Powell, Attorney-In-Fact for Marc J. Shapiro
Stock symbol
CADE
Transactions as of
Oct 29, 2021
Transactions value $
$0
Form type
4
Date filed
10/29/2021, 04:51 PM
Previous filing
Aug 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CADE Class A Common Stock, par value $0.01 per share Disposed to Issuer -31.1K -100% 0 Oct 29, 2021 Direct F1
transaction CADE Class A Common Stock, par value $0.01 per share Disposed to Issuer -298K -100% 0 Oct 29, 2021 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Marc J. Shapiro 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 in connection with the Agreement and Plan of Merger by and between BancorpSouth Bank ("BXS") and Cadence Bancorporation ("Cadence"), dated April 12, 2021 and amended as of May of 27, 2021 (the "Merger Agreement"), pursuant to which Cadence was merged with and into BXS, effective October 29, 2021 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of Cadence common stock par value $0.01 was converted into the right to receive .70 shares of the BXS's common stock par value $2.50 per share ("the Exchange Ratio"), subject to cash in lieu of fractional shares. The opening price of the BXS's common stock on the New York Stock Exchange on the effective date of the Merger was $29.16. As a result of the Merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Cadence common stock.
F2 The Reporting Person has voting and investment control of all Class A Common stock held by Shapiro CBS Partnership and may be deemed to be a beneficial owner of such shares.