SUN CAPITAL PARTNERS V LP 4
4 · VINCE HOLDING CORP. · Filed Sep 12, 2017
Insider Transaction Report
Form 4
Sun Cardinal, LLC
10% Owner
Transactions
- Exercise of In-Money
Common Stock, par value $0.01
2017-09-08$0.45/sh+28,200,985$12,690,443→ 49,129,360 total(indirect: See Footnote) - Exercise of In-Money
Subscription Rights (Right to buy)
2017-09-08−20,928,375→ 0 total(indirect: See Footnote)Exercise: $0.45From: 2017-08-15Exp: 2017-09-08→ Common Stock (28,200,985 underlying) - Purchase
Common Stock, par value $0.01
2017-09-08$0.45/sh+13,373,435$6,018,046→ 62,502,795 total(indirect: See Footnote)
Footnotes (3)
- [F1]Represents the exercise of subscription rights in the Vince Holding Corp. ("Vince") rights offering by Sun Cardinal, LLC ("Sun Cardinal"), with each right entitling the holder to purchase 1.3475 shares of Vince common stock, resulting in the purchase by Sun Cardinal of 28,200,985 shares of Vince common stock.
- [F2]Represents the purchase by Sun Cardinal of 13,373,435 shares of Vince common stock pursuant to the rights offering backstop investment agreement by and among Vince, Sun Cardinal and SCSF Cardinal, LLC.
- [F3]Represents common stock owned of record by Sun Cardinal. Sun Captial Partners V, L.P. ("SCP V") owns all of the ownership interests in Sun Cardinal. Sun Capital Partners V, Ltd. is the general partner of Sun Capital Advisors V, L.P., which is the general partner of SCP V. As a result, SCP V, Sun Capital Partners V, Ltd. and Sun Capital Advisors V, L.P. (collectively, the "Indirect Sun Owners") may be deemed to have indirect beneficial ownership of the securities owned by Sun Cardinal. Each Indirect Sun Owner expressly disclaims beneficial ownership of any securities in which it does not have a pecuniary interest.