FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
YADKIN FINANCIAL Corp [ YDKN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/04/2014 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 07/04/2014 | A | 625(1) | A | (2) | 625 | D | |||
Common Stock | 07/04/2014 | A | 18,239(3) | A | (2) | 18,239 | I | As Trustee(4) | ||
Common Stock | 07/04/2014 | A | 9,119(5) | A | (2) | 9,119 | I | As Co-President(6) | ||
Common Stock | 07/04/2014 | A | 6,079(7) | A | (2) | 6,079 | I | By IRA(8) | ||
Common Stock | 07/04/2014 | A | 6,079(7) | A | (2) | 6,079 | I | As Managing Member(9) | ||
Common Stock | 07/04/2014 | A | 9,120(10) | A | (2) | 9,120 | I | As Trustee, GST Trust(11) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. Represents shares of common stock of Yadkin Financial Corporation (the "Issuer") received in exchange for 2,000 shares of common stock of VantageSouth Bancshares, Inc. ("VSB") pursuant to the merger of VSB with and into the Issuer (the "Merger"). |
2. The exchange ratio in the Merger was 0.3125 shares of Issuer common stock for each share of VSB common stock, with fractional shares paid in cash. On the effective date of the Merger, the most recent closing price of the Issuer's common stock was $19.41 per share, and the most recent closing price of VSB's common stock was $6.04 per share. |
3. Represents shares of common stock of the Issuer received in exchange for 58,366 shares of common stock of VSB pursuant to the Merger. |
4. The 1999 David Brody Living Trust |
5. Represents shares of common stock of the Issuer received in exchange for 29,183 shares of common stock of VSB pursuant to the Merger. |
6. Brody Brothers Foundation |
7. Represents shares of common stock of the Issuer received in exchange for 19,455 shares of common stock of VSB pursuant to the Merger. |
8. US Bank NA as Custodian fbo David S. Brody Roth IRA |
9. The reporting person and each of three children own 25% of Brody Associates, LLC. |
10. Represents shares of common stock of the Issuer received in exchange for 29,184 shares of common stock of VSB pursuant to the Merger. |
11. The reporting person is Trustee of the Ethel S. Brody Irrevocable GST Trusts for each of three children holding equal shares. |
Remarks: |
/s/ David S. Brody | 07/08/2014 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |