HFF, Inc. (NYSE:HF) Files An 8-K Other EventsItem 8.01 Other Events
On August18, 2017, Mark D. Gibson, Chief Executive Officer of HFF, Inc. (the “Company”), and Joe B. Thornton, Jr., the Company’s President, each adopted a stock trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Under Rule 10b5-1, directors, officers and other employees who are not in possession of material non-public information may adopt a pre-arranged plan or contract for the sale of company securities under specified conditions and at specified times. In accordance with the 10b5-1 rules, Mr.Gibson and Mr.Thornton will have no discretion over the sales of shares of common stock under their respective plans.
Under Mr.Gibson’s 10b5-1 plan, up to 100,000 shares of the Company’s common stock will be sold into the marketplace, subject to satisfaction of certain conditions. It is expected that sales under the 10b5-1 plan will commence on or about September18, 2017 and will be completed by March, 29, 2018.
Mr.Gibson currently has an ownership interest in a total of 559,107 shares of the Company’s stock, consisting of shares of (i)common stock, (ii)previously vested and settled restricted stock units and (iii)shares of restricted stock units that have not yet vested.
Under Mr.Thornton’s 10b5-1 plan, up to 97,592 shares of the Company’s common stock will be sold into the marketplace, subject to satisfaction of certain conditions. It is expected that sales under the 10b5-1 plan will commence on or about September18, 2017 and will be completed by March29, 2018.
Mr.Thornton currently has an ownership interest in a total of 539,877 shares of the Company’s stock, consisting of shares of (i)common stock, (ii)previously vested and settled restricted stock units and (iii)shares of restricted stock units that have not yet vested.
Any transactions under the 10b5-1 plans will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission when due. Except as may be required by law, the Company does not undertake to report 10b5-1 trading plans by other officers or directors of the Company in the future, or to report modifications or terminations of any such plans, whether or not the plan was publicly announced, except to the extent required by law.
About HFF, Inc. (NYSE:HF)
HFF, Inc. is a provider of commercial real estate and capital markets services to both the users and providers of capital in the United States commercial real estate industry. The Company offers capital markets services, including debt placement; investment sales; distressed debt and real estate owned advisory services; equity placement; investment banking and advisory services; loan sales, and commercial loan servicing. It operates in commercial real estate financial intermediary segment. It offers access to debt instruments, including construction and construction/mini-permanent loans, adjustable and fixed rate mortgages, entity level debt, mezzanine debt, forward delivery loans, tax exempt financing and sale/leaseback financing. It provides investment sales services to commercial real estate owners seeking to sell one or more properties or property interests. It offers equity placement and private equity alternatives and solutions at both the property and ownership entity level.