Liberty 77 Capital L.P. - 07 Jun 2024 Form 4 Insider Report for NEW YORK COMMUNITY BANCORP, INC. (FLG)

Reporting relationship: Director
Issuer ticker: FLG
Reported as of: 07 Jun 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 10 Jun 2024, 17:14:33 UTC
Prior SEC filing: 29 Mar 2024
Next SEC filing: 14 Jun 2024
Source filing: View source filing
Reporting owner signature: /s/ See Signatures Included in Exhibit 99.1

Key filing fact

Liberty 77 Capital L.P. filed Form 4 for NEW YORK COMMUNITY BANCORP, INC. (FLG) on 10 Jun 2024.

Key facts

This page summarizes Liberty 77 Capital L.P.'s Form 4 filing for NEW YORK COMMUNITY BANCORP, INC. (FLG).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 10 Jun 2024, 17:14.

Change

Previous filing in this sequence was filed on 29 Mar 2024.
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.

NYCB transaction

Common Stock

Other

Transaction value
Shares: +39,954,000
Change %: +96%
Price
Shares after: 81,645,300
Date: 07 Jun 2024
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NYCB transaction Derivative

Series C Preferred Stock

Conversion of derivative security

Transaction value
Shares: -39,954
Change %: -100%
Price
Shares after: 0
Date: 07 Jun 2024
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 39,954,000
Exercise price
Footnotes: F1, F3, F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Total includes 81,645,000 shares of Common Stock, par value $0.01 per share (the "Common Stock"), of New York Community Bancorp, Inc. (the "Issuer") held by Liberty Strategic Capital (CEN) Holdings, LLC, a Delaware limited liability company (the "Liberty Purchaser"). Liberty 77 Capital L.P. (the "Liberty Manager"), a Delaware limited partnership, is the investment manager of the members of the Liberty Purchaser and manager of the Liberty Purchaser. Liberty 77 Capital Partners L.P. ("Liberty Manager GP"), a Delaware limited partnership, is the general partner of the Liberty Manager. Liberty Capital L.L.C., a Delaware limited liability company, is the general partner of the Liberty Manager GP. STM Partners LLC, a Delaware limited liability company, indirectly controls the Liberty Manager. Steven T. Mnuchin is the President of STM Partners LLC.

Footnote F2

Total includes 300 service-based restricted stock units that were granted to Steven T. Mnuchin on March 27, 2024 in connection with his service as a director of the Issuer and which will vest over the passage of time in shares of Common Stock.

Footnote F3

Each Reporting Person disclaims beneficial ownership of these securities except to the extent of its or his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.

Footnote F4

Under the terms of the Investment Agreement, dated March 7, 2024 and as amended on March 11, 2024, between the Issuer and the Liberty Purchaser and the related certificate of designations, 39,954 shares of Series C Noncumulative Convertible Preferred Stock, par value $0.01 per share (the "Series C Preferred Stock"), were automatically converted into shares of Common Stock on a 1-for-1,000 basis, subject to certain adjustments. The Series C Preferred Stock has no expiration date.