Gustavo Marturet M. - 21 Dec 2021 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
Director
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Gustavo Marturet M.
Issuer symbol
AMTB
Transactions as of
21 Dec 2021
Net transactions value
-$109,611
Form type
4
Filing time
23 Dec 2021, 15:31:12 UTC
Previous filing
10 Jun 2021
Next filing
15 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMTB Class B Common Stock Other $0 -559 -100% $0.000000* 0 18 Nov 2021 Direct F1
transaction AMTB Class A Common Stock Other $0 +531 +212% $0.000000 781 18 Nov 2021 Direct F1
transaction AMTB Class B Common Stock Other $0 -7,089 -100% $0.000000* 0 18 Nov 2021 See footnote F1, F2
transaction AMTB Class A Common Stock Other $0 +6,734 +10% $0.000000 72,846 18 Nov 2021 See footnote F1, F2
transaction AMTB Class A Common Stock Options Exercise $0 +3,205 +410% $0.000000 3,986 21 Dec 2021 Direct
transaction AMTB Class A Common Stock Disposed to Issuer $109,611 -3,205 -80% $34.20 781 21 Dec 2021 Direct F3

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 AMTB Restricted Stock Units Options Exercise $0 -3,205 -100% $0.000000* 0 21 Dec 2021 Class A Common Stock 3,205 $0.000000 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a merger completed by the Issuer on November 18, 2021, exempt under Rule 16b-7, each share of Class B Common Stock was automatically converted to 0.95 of a share of Class A common stock.
F2 These shares consist of shares held by certain trusts and companies under common control by and/or for the benefit of certain members of the Marturet family as well as shares owned by Mr. Marturet's spouse and an immediate family member sharing Mr. Marturet's household.
F3 The restricted stock units that vested were settled in cash based on the closing price of the Class A Common Stock on December 21, 2021.
F4 Each restricted stock unit is the economic equivalent of one share of Class A Common Stock.
F5 On December 21, 2018, the reporting person was granted 9,615 cash-settled restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.