SVAC Sponsor LLC 4
4 · Cyxtera Technologies, Inc. · Filed Jan 19, 2022
Insider Transaction Report
Form 4
SVAC Sponsor LLC
10% Owner
Transactions
- Exercise/Conversion
Warrants
2022-01-14−6,723,127→ 0 total→ Class A Common Stock (6,723,127 underlying) - Exercise/Conversion
Class A Common Stock
2022-01-14+1,781,628→ 11,262,341 total
Footnotes (3)
- [F1]In connection with the Cyxtera Technologies, Inc. (the "Issuer") determination to redeem its outstanding warrants, the warrants permit the holder to cashlessly exercise the warrants at the stated rate of 0.265 shares of Class A Common Stock per warrant.
- [F2]SVAC Sponsor LLC is the direct owner of the securities on this Form 4. SVAC Manager LLC, a Delaware limited liability company, is the Manager of SVAC Sponsor LLC.
- [F3]The warrants became exercisable 12 months from the closing of Starboard Value Acquisition Corp.'s ("SVAC") initial public offering, which closed on September 14, 2020. The warrants would have expired five years after the completion of the business combination between SVAC, Mundo Merger Sub 1, Inc., Mundo Merger Sub 2, LLC, the Issuer and Mundo Holdings, Inc. or earlier upon redemption or liquidation. Each whole warrant would have entitled the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share (subject to adjustment).