0000899243-17-014974.txt : 20170601 0000899243-17-014974.hdr.sgml : 20170601 20170601154910 ACCESSION NUMBER: 0000899243-17-014974 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170530 FILED AS OF DATE: 20170601 DATE AS OF CHANGE: 20170601 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CASCADE BANCORP CENTRAL INDEX KEY: 0000865911 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 931034484 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1100 N W WALL ST STREET 2: P O BOX 369 CITY: BEND STATE: OR ZIP: 97709 BUSINESS PHONE: 5413856205 MAIL ADDRESS: STREET 1: 1100 NW WALL STREET STREET 2: P.O. BOX CITY: BEND STATE: OR ZIP: 97709 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BISS PEGGY L CENTRAL INDEX KEY: 0001190825 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23322 FILM NUMBER: 17884694 MAIL ADDRESS: STREET 1: 1100 N.W. WALL STREET STREET 2: P.O. BOX 369 CITY: BEND STATE: OR ZIP: 97701 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2017-05-30 1 0000865911 CASCADE BANCORP CACB 0001190825 BISS PEGGY L 1100 NW WALL STREET BEND OR 97703 0 1 0 0 EVP/CAO Common Stock 2017-05-30 4 D 0 89874 D 0 D Stock Options (right to buy) 4.79 2017-05-30 4 D 0 350000 2.75 D 2025-02-03 Common Stock 350000 0 D Stock Options (right to buy) 5.70 2017-05-30 4 D 0 5250 1.84 D 2013-03-16 2020-03-16 Common Stock 5250 0 D Pursuant to the Merger Agreement (defined below), each outstanding share of common stock of the Issuer (defined below) was converted into the right to receive $1.91 in cash plus 0.14864 shares of First Interstate Class A common stock. First Interstate Class A common stock had a closing market value of $34.30 on the date of the merger. The stock options will vest as follows: fifty percent (50%) on February 3, 2018, twenty-five percent (25%) on February 3, 2019, and twenty-five percent (25%) on February 3, 2020. Pursuant to the Merger Agreement, each outstanding option to acquire common stock of the Issuer was cancelled in exchange for the right to receive cash in an amount equal to (i) the difference between $7.54 and the exercise price of such option multiplied by (ii) the number of shares of Cascade common stock subject to such option. All outstanding securities and derivatives issued by Cascade Bancorp (the "Issuer") were disposed of pursuant to the Agreement and Plan of Merger, dated November 17, 2016, between First Interstate BancSystem, Inc. ("First Interstate"), and the Issuer (the "Merger Agreement"), pursuant to which, on May 30, 2017, Cascade Bancorp merged with and into First Interstate, with First Interstate surviving the merger. /s/ Peggy L. Biss 2017-06-01