Filing Details

Accession Number:
0001209191-18-034487
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-05-31 19:01:06
Reporting Period:
2018-05-29
Accepted Time:
2018-05-31 19:01:06
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1712923 Greensky Inc. GSKY () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1234490 E Steven Fox 5565 Glenridge Connector, Suite 700
Atlanta GA 30342
Evp And Chief Legal Officer No Yes No 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 B Common Stock Disposition 2018-05-29 53,839 $0.00 215,357 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Holdco Units Disposition 2018-05-29 53,839 $21.85 53,839 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
215,357 No 4 S Direct
Footnotes
  1. Represents Holdco Units purchased by the Issuer in connection with its initial public offering, and shares of Class B common stock automatically cancelled upon such purchase.
  2. The Class B common stock entitles holders to ten votes per share, votes as a single class with the Class A common stock, has no economic rights and is subject to forfeiture upon exchange of the Reporting Person's Holdco Units as described below.
  3. These Holdco Units, and corresponding shares of Class B common stock, vest at the rate of 20% per year and are subject to remaining vesting dates of November 21, 2018, November 21, 2019, November 21, 2020, and November 21, 2021, provided that Mr. Fox remains an employee of the Issuer through those dates.
  4. Pursuant to the Exchange Agreement, dated May 23, 2018, by and among the Issuer, GreenSky Holdings, LLC ("GS Holdings") and the members of GS Holdings, the Holdco Units may be exchanged by the Reporting Person (with automatic cancellation of an equal number of shares of Class B common stock) for shares of Class A common stock on a one-for-one basis, subject to customary adjustments for stock splits, stock dividends, reclassifications and other similar transactions, stock repurchases and other reinvestments of excess cash, or for cash (based on the market price of the shares of Class A common stock), at the Issuer's option.