Jeffrey Serota Form 4 CIFC / Jeffrey Serota ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Serota Jeffrey

(Last)

(First)

(Middle)

C/O CIFC LLC

250 PARK AVENUE, 4TH FLOOR

(Street)

NEW YORK

10177

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CIFC LLC [ CIFC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	07/01/2016		M		81⁽¹⁾	A	$0	5,012	D
Common Shares	07/01/2016		M		90⁽¹⁾	A	$0	5,102	D
Common Shares	07/01/2016		M		206⁽²⁾	A	$0	5,308	D
Common Shares	07/01/2016		M		541⁽²⁾	A	$0	5,849	D
Common Shares	07/01/2016		M		5,988⁽³⁾	A	$0	11,837	D
Common Shares	07/01/2016		M		8,961⁽⁴⁾	A	$0	20,798	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Units	⁽⁵⁾	09/08/2015		A		81⁽¹⁾		⁽⁶⁾	⁽⁶⁾	Common Shares	81	$0	81	D
Restricted Share Units	⁽⁵⁾	07/01/2016		M			81⁽¹⁾	⁽⁶⁾	⁽⁶⁾	Common Shares	81	$0	0	D
Restricted Share Units	⁽⁵⁾	12/01/2015		A		90⁽¹⁾		⁽⁶⁾	⁽⁶⁾	Common Shares	90	$0	90	D
Restricted Share Units	⁽⁵⁾	07/01/2016		M			90⁽¹⁾	⁽⁶⁾	⁽⁶⁾	Common Shares	90	$0	0	D
Restricted Share Units	⁽⁵⁾	04/15/2016		A		206⁽²⁾		⁽⁶⁾	⁽⁶⁾	Common Shares	206	$0	206	D
Restricted Share Units	⁽⁵⁾	07/01/2016		M			206⁽²⁾	⁽⁶⁾	⁽⁶⁾	Common Shares	206	$0	0	D
Restricted Share Units	⁽⁵⁾	05/24/2016		A		541⁽²⁾		⁽⁶⁾	⁽⁶⁾	Common Shares	541	$0	541	D
Restricted Share Units	⁽⁵⁾	07/01/2016		M			541⁽²⁾	⁽⁶⁾	⁽⁶⁾	Common Shares	541	$0	0	D
Restricted Share Units	⁽⁵⁾	07/01/2016		M			5,988	⁽⁶⁾	⁽⁶⁾	Common Shares	5,988	$0	0	D
Restricted Share Units	⁽⁵⁾	07/01/2016		M			8,961	⁽⁶⁾	⁽⁶⁾	Common Shares	8,961	$0	0	D

Explanation of Responses:

1. Represents an adjustment for dividends to the 5,988 Restricted Share Units awarded to the Reporting Person on December 16, 2015 as part of the share-based portion of his fee for service as a Director, as provided in the Reporting Person's Award Agreement.

2. Represents an adjustment for dividends to the (a) 5,988 Restricted Share Units awarded to the Reporting Person on December 16, 2015 as part of the share-based portion of his fee for service as a Director and (b) 8,961 Restricted Share Units awarded to the Reporting Person on February 9, 2016 as part of the share-based portion of his fee for service as Chairman of the Board from January 1, 2016 to the date of the Issuer's 2016 Annual Meeting, in each case as provided in the Reporting Person's Award Agreements.

3. Represents the vesting of 5,988 Restricted Share Units awarded to the Reporting Person on December 16, 2015 as part of the share-based portion of his fee for services as a Director.

4. Represents the vesting of 8,961 Restricted Share Units awarded to the Reporting Person on February 9, 2016 as part of the share-based portion of his fee for service as Chairman of the Board from January 1, 2016 to the date of the Issuer's 2016 Annual Meeting.

5. Each Restricted Share Unit represents a contingent right to receive one common share of the Issuer.

6. All of the Restricted Share Units shall become vested on the earlier of (a) the date on which the Issuer holds its 2016 Annual Meeting if the Participant has remained in continuous Service from the Grant Date through the Annual Meeting, (b) the date, within ninety (90) days after a Sale Event, on which no Director as of the date of the Award Agreement remains a member of the Board and (c) July 1, 2016 (provided that the Participant has remained in continuous Service from the Grant Date through July 1, 2016). Capitalized terms used herein shall have the meanings assigned to them in the Award Agreements.

Remarks:

	/s/ Jeffrey Serota	07/05/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Jeffrey Serota Form 4CIFC / Jeffrey Serota ownership change