Sun Capital Securities, LLC 4
4 · VINCE HOLDING CORP. · Filed Sep 12, 2017
Insider Transaction Report
Form 4
SCSF Cardinal, LLC
10% Owner
Transactions
- Exercise of In-Money
Common Stock, par value $0.01
2017-09-08$0.45/sh+9,400,362$4,230,163→ 16,376,512 total(indirect: See Footnote) - Exercise of In-Money
Subscription Rights (Right to buy)
2017-09-08−6,976,150→ 0 total(indirect: See Footnote)Exercise: $0.45From: 2017-08-15Exp: 2017-09-08→ Common Stock (9,400,362 underlying) - Purchase
Common Stock, par value $0.01
2017-09-08$0.45/sh+4,457,812$2,006,015→ 20,834,324 total(indirect: See Footnote)
Footnotes (3)
- [F1]Represents the exercise of subscription rights in the Vince Holding Corp. ("Vince") rights offering by SCSF Cardinal, LLC ("SCSF Cardinal"), with each right entitling the holder to purchase 1.3475 shares of Vince common stock, resulting in the purchase by SCSF Cardinal of 9,400,362 shares of Vince common stock.
- [F2]Represents the purchase by SCSF Cardinal of 4,457,812 shares of Vince common stock pursuant to the rights offering backstop investment agreement by and among Vince, Sun Cardinal, LLC and SCSF Cardinal.
- [F3]Represents common stock owned of record by SCSF Cardinal. SCSF Cardinal is jointly owned by Sun Capital Securities Offshore Fund, Ltd. ("SCSF Offshore") and Sun Capital Securities Fund, L.P. ("SCSF LP"). Sun Cardinal Securities, LLC ("SCSF LLC") is the general parter of Sun Capital Securities Advisors, L.P. ("SCSF Advisors"), which is in turn the general partner of SCSF LP. As a result, SCSF LLC, SCSF Advisors, SCSF LP and SCSF Offshore (collectively, the "Indirect Sun Owners") may be deemed to have indirect beneficial ownership of the securities owned of record by SCSF Cardinal. Each Indirect Sun Owner expressly disclaims beneficial ownership of any securities in which it does not have a pecuniary interest.