Filing Details

Accession Number:
0001144204-14-038642
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-06-19 20:36:24
Reporting Period:
2014-06-10
Filing Date:
2014-06-19
Accepted Time:
2014-06-19 20:36:24
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1568832 Rcs Capital Corp RCAP Security Brokers, Dealers & Flotation Companies (6211) 383894716
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1248577 S Nicholas Schorsch C/o Rcs Capital Corporation
405 Park Ave., 15Th Floor
New York NY 10022
Chief Executive Officer Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2014-06-10 5,000,000 $19.04 7,851,499 No 4 S Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 11,200,000 Indirect See footnote
Footnotes
  1. In connection with the secondary offering (the "Secondary Offering") of Class A Common Stock, par value $0.001 per share (the "Class A Common Stock"), of RCS Capital Corporation (the "Company") by certain selling shareholders pursuant to an underwriting agreement and final prospectus supplement, each dated June 5, 2014, RCAP Holdings, LLC, as a selling stockholder, sold 5,000,000 shares of Class A Common Stock of the Company. The price reported represents the $20.25 secondary public offering price per share of Common Stock, less the underwriting discount of $1.215 per share of Common Stock. The Secondary Offering closed on June 10, 2014.
  2. The securities are held by RCAP Holdings, LLC. Control of RCAP Holdings, LLC is exclusively vested in Messrs. Nicholas S. Schorsch and William M. Kahane, who are managing members of RCAP Holdings, LLC. The Reporting Person disclaims pecuniary interest in the reported securities except to the extent of his economic interest therein.
  3. The securities are held by RCAP Equity, LLC, a manager managed Delaware limited liability company. Control of RCAP Equity, LLC is exclusively vested in Messrs. Nicholas S. Schorsch and William M. Kahane, who are managing members of RCAP Equity, LLC. The Reporting Person disclaims pecuniary interest in the reported securities except to the extent of his economic interest therein.
  4. On April 28, 2014, RCAP Holdings, LLC transferred 11,200,000 shares of Class A Common Stock previously held by RCAP Holdings, LLC to RCAP Equity, LLC. Control of both RCAP Equity, LLC and RCAP Holdings, LLC is exclusively vested in Messrs. Nicolas S. Schorsch and William M. Kahane, each of whom are managing members of RCAP Equity, LLC and RCAP Holdings, LLC. The Reporting Person disclaims pecuniary interest in the reported securities except to the extent of his economic interest therein.