0000899243-21-001668.txt : 20210112
0000899243-21-001668.hdr.sgml : 20210112
20210112211412
ACCESSION NUMBER: 0000899243-21-001668
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210111
FILED AS OF DATE: 20210112
DATE AS OF CHANGE: 20210112
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Dittrich Rene
CENTRAL INDEX KEY: 0001706878
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35657
FILM NUMBER: 21524823
MAIL ADDRESS:
STREET 1: C/O ALTISOURCE ASSET MANAGEMENT
STREET 2: 36C STRAND STREET
CITY: CHRISTIANSTED
STATE: VI
ZIP: 00820
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Front Yard Residential Corp
CENTRAL INDEX KEY: 0001555039
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500]
IRS NUMBER: 460633510
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5100 TAMARIND REEF
CITY: CHRISTIANSTED
STATE: VI
ZIP: 00820
BUSINESS PHONE: 340-692-0525
MAIL ADDRESS:
STREET 1: 5100 TAMARIND REEF
CITY: CHRISTIANSTED
STATE: VI
ZIP: 00820
FORMER COMPANY:
FORMER CONFORMED NAME: Altisource Residential Corp
DATE OF NAME CHANGE: 20120726
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-01-11
1
0001555039
Front Yard Residential Corp
RESI
0001706878
Dittrich Rene
C/O FRONT YARD RESIDENTIAL CORPORATION
5100 TAMARIND REEF
CHRISTIANSTED
VI
00820
VIRGIN ISLANDS, U.S.
0
1
0
0
Chief Accounting Officer
Common Stock
2021-01-11
4
D
0
73071
D
0
D
Reflects disposition in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of October 19, 2020 (the "Original Agreement"), as amended by the First Amendment to Agreement and Plan of Merger, dated as of November 20, 2020 (the "Amendment" and, together with the Original Agreement, the "Merger Agreement"), by and among the Issuer, Pretium Midway Holdco, LP ("Parent") and Midway AcquisitionCo REIT ("Merger Sub"), pursuant to which the Issuer merged with and into Merger Sub (the "Merger"), with Merger Sub surviving the Merger as a wholly owned subsidiary of Parent, and each share of the Issuer's common stock, par value $0.01 per share (the "Shares" and each, a "Share") issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive $16.25 per Share in cash without interest and subject to deduction for any required withholding taxes.
Includes 36,841 restricted stock units ("RSUs"), which, upon vesting, settle for shares of common stock. In accordance with the terms of the Merger Agreement, at the effective time of the Merger, each of these RSUs (whether vested or unvested) was automatically cancelled in exchange for the right to receive a cash payment in the amount equal to (i) the product of (A) the number of Shares subject to such RSU immediately prior to the effective time of the Merger and (B) $16.25, plus (ii) the value as of the effective time of the Merger of all accrued but unpaid dividend equivalents with respect to such RSU, less any required withholding tax.
/s/ Stephen H. Gray, Attorney-in-Fact
2021-01-12