Hostess CDM Co-Invest, LLC 4
4 · Hostess Brands, Inc. · Filed Nov 23, 2020
Insider Transaction Report
Form 4
Hostess CDM Co-Invest, LLC
10% OwnerOther
Transactions
- Sale
Class A Common Stock
2020-11-23$13.50/sh−3,215,817$43,413,530→ 444,444 total - Other
Class A Common Stock
2020-11-23+3,660,261→ 3,660,261 total - Disposition to Issuer
Class A Common Stock
2020-11-23$13.50/sh−444,444$5,999,994→ 0 total - Other
Class B Common Stock
2020-11-23−3,660,261→ 0 total→ Class A Common Stock (3,660,261 underlying)
Footnotes (3)
- [F1]Pursuant to the Exchange Agreement, dated November 4, 2016, by and between Hostess Brands, Inc. (the "Issuer"), the reporting person and the other parties thereto (the "Exchange Agreement"), each share of Class B Common Stock may be exchanged for one share of Class A Common Stock of the Issuer, if exchanged together with one Class B Unit of Hostess Holdings, L.P. The exchange rights under the Exchange Agreement do not expire.
- [F2]The shares of Class A Common Stock of the Issuer were sold to an investment bank in a private transaction.
- [F3]The shares of Class A Common Stock of the Issuer were sold to the Issuer at the same price as the shares sold in the transaction referred to in footnote 2 above.