4//SEC Filing
Verso Corp 4
Accession 0000899243-16-025320
CIK 0001421182operating
Filed
Jul 18, 8:00 PM ET
Accepted
Jul 19, 4:55 PM ET
Size
8.6 KB
Accession
0000899243-16-025320
Insider Transaction Report
Form 4
Verso CorpVRS
AMEN ROBERT M
Director
Transactions
- Other
Warrant
2016-07-15+277→ 277 totalExercise: $27.86From: 2016-07-15Exp: 2023-07-15→ Class A Common Stock (277 underlying) - Other
Class A Common Stock
2016-07-15+2,636→ 2,636 total
Footnotes (2)
- [F1]On January 26, 2016, the Issuer and substantially all of its direct and indirect subsidiaries (the "Debtors") filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). On June 23, 2016, the Bankruptcy Court entered an order confirming the Debtors' First Modified Third Amended Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code, dated as of June 20, 2016 (the "Plan") and on July 15, 2016 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from their chapter 11 cases. On the Effective Date, all outstanding shares of the Issuer's old common stock were cancelled and extinguished.
- [F2](continued from Footnote 1) In addition, on the Effective Date, all of the Issuer's 11.75% Senior Secured Notes due 2019 (the "Notes") were cancelled and holders of the outstanding Notes received their pro rata share of the Issuer's new Class A common stock (the "New Common Stock") and warrants (the "Plan Warrants"), with each Plan Warrant initially exercisable for one share of New Common Stock at an initial exercise price of $27.86 per share. This report is being filed to report the issuance of shares of New Common Stock and Plan Warrants to the Reporting Person in connection with the cancellation of the Notes pursuant to the Plan.
Documents
Issuer
Verso Corp
CIK 0001421182
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001421182
Filing Metadata
- Form type
- 4
- Filed
- Jul 18, 8:00 PM ET
- Accepted
- Jul 19, 4:55 PM ET
- Size
- 8.6 KB