Form 4 for FOA Finance of America Companies Inc.
Accepted 2021-10-01 00:00:00 ET · period of report 2021-09-29 · accession 0000899243-21-038667 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2021-10-01 | 2021-09-29 | FOA | LIBMAN BRIAN L | Dir, 10% | D - Sale to Iss | $0.00 | -2.06M | 0 | -100% | $0 |
| DMI | 2021-10-01 | 2021-09-29 | FOA | LIBMAN BRIAN L | Dir, 10% | M - OptEx | — | +681.4K | 2.01M | +51% | — |
| DMI | 2021-10-01 | 2021-09-29 | FOA | LIBMAN BRIAN L | Dir, 10% | M - OptEx | $0.00 | -681.4K | 1.89M | -27% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-09-29 | D | D | 2,008,239 | $0.00 | 0 | I See Footnote | — | — | (F2) Pursuant to the LTIP Award Settlement Agreement (the "LTIP Award Settlement Agreement"), dated as of October 12, 2020, by and among the Issuer, the and certain equityholders of the Issuer and Finance of America Equity Capital LLC, such equityholders are obligated to deliver a number of shares of Class A Common Stock to the Issuer in connection with the settlement of awards of restricted stock units granted by the Issuer. On September 29, 2021, in connection with the Issuer's settlement of restricted stock units into shares of Class A Common Stock, the Reporting Person converted certain FOA Units and delivered certain shares of Class A Common Stock to the Issuer pursuant to the LTIP Award Settlement Agreement. (F3) Reflects securities held directly by Libman Family Holdings, LLC. The sole manager of Libman Family Holdings, LLC is Brian L. Libman. |
| 2 | Common | Class A Common Stock | 2021-09-29 | M | A | 53,397 | — | 53,397 | I See Footnote | — | — | (F1) Pursuant to the terms of an exchange agreement, dated as of April 1, 2021, limited liability company units of Finance of America Equity Capital LLC ("FOA Units") held by the Reporting Person are exchangeable for shares of the Issuer's Class A common stock ("Class A Common Stock") on a one-for-one basis. These exchange rights do not expire. (F4) Reflects securities held directly by The Mortgage Opportunity Group, LLC. The sole manager of The Mortgage Opportunity Group, LLC is Brian L. Libman. |
| 3 | Common | Class A Common Stock | 2021-09-29 | D | D | 53,397 | $0.00 | 0 | I See Footnote | — | — | (F2) Pursuant to the LTIP Award Settlement Agreement (the "LTIP Award Settlement Agreement"), dated as of October 12, 2020, by and among the Issuer, the and certain equityholders of the Issuer and Finance of America Equity Capital LLC, such equityholders are obligated to deliver a number of shares of Class A Common Stock to the Issuer in connection with the settlement of awards of restricted stock units granted by the Issuer. On September 29, 2021, in connection with the Issuer's settlement of restricted stock units into shares of Class A Common Stock, the Reporting Person converted certain FOA Units and delivered certain shares of Class A Common Stock to the Issuer pursuant to the LTIP Award Settlement Agreement. (F4) Reflects securities held directly by The Mortgage Opportunity Group, LLC. The sole manager of The Mortgage Opportunity Group, LLC is Brian L. Libman. |
| 4 | Common | Class A Common Stock | 2021-09-29 | M | A | 627,992 | — | 2,008,239 | I See Footnote | — | — | (F1) Pursuant to the terms of an exchange agreement, dated as of April 1, 2021, limited liability company units of Finance of America Equity Capital LLC ("FOA Units") held by the Reporting Person are exchangeable for shares of the Issuer's Class A common stock ("Class A Common Stock") on a one-for-one basis. These exchange rights do not expire. (F3) Reflects securities held directly by Libman Family Holdings, LLC. The sole manager of Libman Family Holdings, LLC is Brian L. Libman. |
| 5 | Derivative | LLC Units of Finance of America Equity Capital LLC | 2021-09-29 | M | D | 627,992 | $0.00 | 72,405,383 | I See Footnote | — · — to — | 627,992 Class A Common Stock | (F3) Reflects securities held directly by Libman Family Holdings, LLC. The sole manager of Libman Family Holdings, LLC is Brian L. Libman. (F1) Pursuant to the terms of an exchange agreement, dated as of April 1, 2021, limited liability company units of Finance of America Equity Capital LLC ("FOA Units") held by the Reporting Person are exchangeable for shares of the Issuer's Class A common stock ("Class A Common Stock") on a one-for-one basis. These exchange rights do not expire. |
| 6 | Derivative | LLC Units of Finance of America Equity Capital LLC | 2021-09-29 | M | D | 53,397 | $0.00 | 1,888,479 | I See Footnote | — · — to — | 53,397 Class A Common Stock | (F4) Reflects securities held directly by The Mortgage Opportunity Group, LLC. The sole manager of The Mortgage Opportunity Group, LLC is Brian L. Libman. (F1) Pursuant to the terms of an exchange agreement, dated as of April 1, 2021, limited liability company units of Finance of America Equity Capital LLC ("FOA Units") held by the Reporting Person are exchangeable for shares of the Issuer's Class A common stock ("Class A Common Stock") on a one-for-one basis. These exchange rights do not expire. |