ALBAUGH JAMES F 4
4 · Vertiv Holdings Co · Filed Feb 11, 2020
Insider Transaction Report
Form 4
ALBAUGH JAMES F
Director
Transactions
- Conversion
Class A common stock
2020-02-07+35,000→ 55,000 total - Award
Redeemable warrants
2020-02-07+6,666→ 6,666 total→ Class A common stock (6,666 underlying) - Award
Class A common stock
2020-02-07$10.00/sh+50,000$500,000→ 50,000 total(indirect: See Footnote) - Conversion
Class B common stock
2020-02-07−35,000→ 35,000 total→ Class A common stock (35,000 underlying)
Footnotes (3)
- [F1]Reported securities are held by the James F Albaugh Living Trust, of which Mr. Albaugh is trustee.
- [F2]On February 7, 2020, the Issuer consummated its initial business combination (the "Business Combination") with Vertiv Holdings, LLC. In connection with the consummation of the Business Combination, each share of Class B common stock automatically converted into one share of Class A common stock.
- [F3]The redeemable warrants reported herein are included within 20,000 units purchased by the reporting person on June 8, 2018 for $10.00 per unit. Each such unit consists of one share of Class A common stock and one-third of one redeemable warrant. Each whole warrant is exercisable for one share of Class A common stock at an exercise price of $11.50 per share, subject to certain adjustments. The warrants may be exercised commencing 30 days after the consummation of the Business Combination and expire five years after the consummation of the Business Combination or earlier upon redemption or liquidation.