Christopher J. McComish - 09 Jun 2021 Form 4 Insider Report for TCF FINANCIAL CORP

Reporting relationship: EVP, Consumer Banking
Issuer ticker: N/A
Reported as of: 09 Jun 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 09 Jun 2021, 19:32:18 UTC
Prior SEC filing: 10 May 2021
Next SEC filing: 25 Aug 2021
Source filing: View source filing
Reporting owner signature: Christopher J. McComish by POA Kirk D. Johnson

Key filing fact

Christopher J. McComish filed Form 4 for TCF FINANCIAL CORP on 09 Jun 2021.

Key facts

This page summarizes Christopher J. McComish's Form 4 filing for TCF FINANCIAL CORP.
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 09 Jun 2021, 19:32.

Change

Previous filing in this sequence was filed on 10 May 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.

TCF transaction

Common Stock

Award

Transaction value: $0
Shares: +8,004
Change %: +16%
Price: $0.000000
Shares after: 57,410
Date: 09 Jun 2021
Ownership: Direct
Footnotes: F1

TCF transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -57,410
Change %: -100%
Price
Shares after: 0
Date: 09 Jun 2021
Ownership: Direct
Footnotes: F2, F3, F4

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 4 footnotes

Footnote F1

Reflects the conversion of performance-based restricted stock units into service-based restricted stock units, as contemplated by the agreement and plan of merger, dated as of December 13, 2020 (the "Merger Agreement") between the issuer and Huntington Bancshares Incorporated, a Maryland corporation ("Huntington"), pursuant to which the issuer will merge with and into Huntington (the "Merger"). The units are convertible into shares of the issuer's common stock on a one-for-one basis on the applicable vesting dates, subject to certain exceptions. The Merger closed on June 9, 2021. On June 8, 2021, the closing price of the issuer was $45.18, and the closing price of Huntington was $15.21.

Footnote F2

Includes 55,484 service-based restricted stock units and accrued dividend equivalent units of the issuer (the "Issuer RSUs").

Footnote F3

Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of issuer common stock issued and outstanding immediately prior to the Effective Time (other than certain excluded shares) converted into the right to receive 3.0028 shares of Huntington common stock (the "Exchange Ratio"). All fractional share holdings were paid in cash.

Footnote F4

The Issuer RSUs held by the reporting person were convertible into shares of the issuer's common stock on a one-for-one basis. Pursuant to the terms of the Merger Agreement, these Issuer RSUs were assumed by Huntington and converted into a restricted stock unit award of Huntington with the same terms and conditions as were applicable under such Issuer RSU award immediately prior to the Effective Time (including vesting terms) and relating to the number of shares of Huntington common stock equal to the product of (A) the number of shares of issuer common stock subject to such Issuer RSUs immediately prior to the Effective Time, multiplied by (B) the Exchange Ratio, with any fractional shares rounded to the nearest whole share of Huntington common stock.