Robert Mccarthy - 31 Jan 2022 Form 4 Insider Report for Santander Consumer USA Holdings Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 31 Jan 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Feb 2022, 13:33:20 UTC
Prior SEC filing: 08 Jun 2021
Next SEC filing: 02 May 2022
Source filing: View source filing
Reporting owner signature: /s/ Robert McCarthy

Key filing fact

Robert Mccarthy filed Form 4 for Santander Consumer USA Holdings Inc. on 02 Feb 2022.

Key facts

This page summarizes Robert Mccarthy's Form 4 filing for Santander Consumer USA Holdings Inc..
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 02 Feb 2022, 13:33.

Change

Previous filing in this sequence was filed on 08 Jun 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SC transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -19,701
Change %: -100%
Price
Shares after: 0
Date: 31 Jan 2022
Ownership: Direct
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Robert Mccarthy is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Disposed of pursuant to the closing, on January 31, 2022, of the merger ("Merger") whereby Max Merger Sub, Inc. ("Merger Sub") merged with and into the Issuer, pursuant to the Agreement and Plan of Merger, dated August 23, 2021 (the "Merger Agreement"), by and between the Issuer, Santander Holdings USA, Inc. ("Parent") and Merger Sub. Pursuant to the Merger Agreement, each share of Common Stock held by the Reporting Person (other than restricted stock units of the Issuer ("Company RSUs")) was converted into the right to receive $41.50 (the "per share price"), less any required withholding taxes, in the form of American Depositary Shares of Banco Santander ("ADRs"). The number of shares reported includes 1,340 Company RSUs.

Footnote F2

(Continued From Footnote 1) Under the Merger Agreement, each Company RSU outstanding immediately prior to the effective time of the Merger was canceled and replaced with a restricted stock unit award providing the holder a right to receive a number of ADRs equal to the per share price divided by the closing value of an ADR immediately before the signing date.