Filing Details
- Accession Number:
- 0001104659-20-100803
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-08-31 16:30:27
- Reporting Period:
- 2020-08-28
- Accepted Time:
- 2020-08-31 16:30:27
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1630856 | Professional Holding Corp. | PFHD | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1177044 | Villars Anton Schutz | 396 Alhambra Circle, Suite 255 Coral Gables FL 33146 | Yes | No | 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 A Common Stock | Disposition | 2020-08-28 | 131,900 | $10.75 | 0 | No | 4 | S | Indirect | Mendon Capital Master Fund, Ltd. |
| Class B Common Stock | Disposition | 2020-08-28 | 125,300 | $10.75 | 0 | No | 4 | S | Indirect | Mendon Capital Master Fund, Ltd. |
| Class A Common Stock | Disposition | 2020-08-28 | 200,643 | $10.75 | 0 | No | 4 | S | Indirect | Mendon Capital QP, LP |
| Class B Common Stock | Disposition | 2020-08-28 | 207,711 | $10.75 | 0 | No | 4 | S | Indirect | Mendon Capital QP, LP |
| Class A Common Stock | Disposition | 2020-08-28 | 34,438 | $10.75 | 0 | No | 4 | S | Indirect | Iron Road Multi-Strategy Fund LP |
| Class B Common Stock | Disposition | 2020-08-28 | 17,540 | $10.75 | 0 | No | 4 | S | Indirect | Iron Road Multi-Strategy Fund LP |
| Class A Common Stock | Disposition | 2020-08-28 | 24,270 | $10.75 | 0 | No | 4 | S | Indirect | Mendon Global Long/Short Financial QP Fund Ltd. |
| Class A Common Stock | Disposition | 2020-08-28 | 248,430 | $10.75 | 0 | No | 4 | S | Indirect | RMB Mendon Financial Services Fund |
| Class A Common Stock | Disposition | 2020-08-28 | 526 | $0.00 | 0 | No | 4 | J | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | Mendon Capital Master Fund, Ltd. |
| No | 4 | S | Indirect | Mendon Capital Master Fund, Ltd. |
| No | 4 | S | Indirect | Mendon Capital QP, LP |
| No | 4 | S | Indirect | Mendon Capital QP, LP |
| No | 4 | S | Indirect | Iron Road Multi-Strategy Fund LP |
| No | 4 | S | Indirect | Iron Road Multi-Strategy Fund LP |
| No | 4 | S | Indirect | Mendon Global Long/Short Financial QP Fund Ltd. |
| No | 4 | S | Indirect | RMB Mendon Financial Services Fund |
| No | 4 | J | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| See Footnote | Share Appreciation Rights | $0.00 | 0 | 2,500 | Direct | ||
| See Footnote | Share Appreciation Rights | $0.00 | 0 | 5,000 | Direct | ||
| See Footnote | Share Appreciation Rights | $0.00 | 0 | 10,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 0 | 2,500 | Direct | |
| 0 | 5,000 | Direct | |
| 0 | 10,000 | Direct |
Footnotes
- Mendon Capital Master Fund Ltd. sold 131,900 shares of PFHD's Class A Common Stock and retained 133,000 shares of PFHD's Class A Common Stock. Mr. Schutz does not have any interest in the remaining 133,000 shares of PFHD's Class A Common Stock held by Mendon Capital Master Fund Ltd., resulting in -0- shares of PFHD Class A Common Stock held by Mendon Capital Master Fund Ltd. being beneficially owned by Mr. Schutz as of August 28, 2020.
- Represents the cancellation of 526 shares of unvested restricted stock previously granted to Mr. Schutz as Director's fees.
- Share Appreciation Rights vest upon the earlier of 1,825 calendar days of continuous service after the grant date or the occurrence of certain specified, nonperformance-related events, subject to an election by the recipient. Stock Appreciation Right payments are paid at or shortly following certain specified, nonperformance-related events, such as a change in control of the issuer, in accordance with the participant's election. The Share Appreciation Rights do not expire and the Compensation Committee of the Board of Directors of the issuer has the discretion to pay the unit appreciation payments in cash or stock.
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