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FCFC Firstcity Financial Corp. (MM)

10.00
0.00 (0.00%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Firstcity Financial Corp. (MM) NASDAQ:FCFC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.00 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

17/05/2013 9:06pm

Edgar (US Regulatory)


FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DeWitt Terrence Riley
2. Issuer Name and Ticker or Trading Symbol

FIRSTCITY FINANCIAL CORP [ FCFC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Senior Vice President
(Last)          (First)          (Middle)

6400 IMPERIAL DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

5/17/2013
(Street)

WACO, TX 76712
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/17/2013     D    32074   (1) D   (2) 0   D    
Common Stock   5/17/2013     D    173827   (3) D   (2) 0   I   By LLC  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Stock option (right to buy)   $7.25   5/17/2013     D         15000      (4) 5/13/2014   Common Stock   15000     (5) 0   D    
Stock option (right to buy)   $9.85   5/17/2013     D         8000      (6) 10/11/2017   Common Stock   8000     (5) 0   D    
Stock option (right to buy)   $6.93   5/17/2013     D         35000      (7) 8/13/2019   Common Stock   35000     (5) 0   D    

Explanation of Responses:
( 1)  This amount includes 20,044 shares of restricted common stock of FirstCity Financial Corporation (the "Issuer"). Pursuant to the terms of the Merger Agreement (as defined below), the restricted stock award agreements were amended to provide that such shares became fully vested immediately prior to the Effective Time (as defined in the Merger Agreement) of the Merger (as defined in the Merger Agreement).
( 2)  Pursuant to the terms of the Agreement and Plan of Merger, dated as of December 20, 2012 (the "Merger Agreement"), by and among the Issuer, Hotspurs Holdings LLC and Hotspurs Acquisition Corporation, each share of the Issuer's common stock that was issued and outstanding immediately prior to the Effective Time of the Merger, subject to certain exceptions, was cancelled and converted into the right to receive $10.00 in cash, without interest (the "Merger Consideration").
( 3)  Represents shares held by TS DeWitt, L.L.C., an entity owned by the reporting person and his family as follows: Terrence R. DeWitt (40%); Susan DeWitt (40%); Audrey DeWitt (10%); Thomas Riley DeWitt (10%). The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that the reporting person was, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these shares.
( 4)  This stock option was granted on May 13, 2004 and originally provided for vesting in four equal annual installments beginning on the first anniversary of the date of grant.
( 5)  At the Effective Time of the Merger, pursuant to the terms of the Merger Agreement, this stock option was cancelled and converted into the right to receive an amount in cash, without interest, equal to (i) the excess of the Merger Consideration over the per share exercise price of such stock option multiplied by (ii) the aggregate number of shares of common stock into which such stock option was exercisable immediately prior to the Effective Time of the Merger.
( 6)  This stock option was granted on October 11, 2007 and originally provided for vesting in four equal annual installments beginning on the first anniversary of the date of grant.
( 7)  This stock option was granted on August 13, 2009 and originally provided for vesting in four equal annual installments beginning on the first anniversary of the date of grant. Pursuant to the terms of the Merger Agreement, the stock option agreement was amended to provide that this stock option became fully vested and exercisable immediately prior to the Effective Time of the Merger.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DeWitt Terrence Riley
6400 IMPERIAL DRIVE
WACO, TX 76712


Senior Vice President

Signatures
/s/ J. Bryan Baker, Attorney-in-fact for Terrence R. DeWitt 5/17/2013
** 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 control number.

1 Year Firstcity Financial Corp. (MM) Chart

1 Year Firstcity Financial Corp. (MM) Chart

1 Month Firstcity Financial Corp. (MM) Chart

1 Month Firstcity Financial Corp. (MM) Chart