HC2 Holdings, Inc. 4
4 · HC2 Holdings, Inc. · Filed Oct 13, 2015
Insider Transaction Report
Form 4
Gerber Sander
10% Owner
Transactions
- Sale
Common Stock
2015-10-12$7.93/sh−62,500$495,788→ 776,372 total(indirect: By Hudson Bay Absolute Return Credit Opportunities Master Fund, Ltd.) - Sale
Common Stock, par value $0.001 ("Common Stock")
2015-10-09$7.65/sh−25,000$191,263→ 838,872 total(indirect: By Hudson Bay Absolute Return Credit Opportunities Master Fund, Ltd.)
Footnotes (3)
- [F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.56 to $7.7899, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each price within the range set forth herein.
- [F2]The shares are held by Hudson Bay Absolute Return Credit Opportunities Master Fund, Ltd. (the "Fund"). Hudson Bay Credit Management LLC (the "Investment Manager") is the investment manager of the Fund. The sole member of the Investment Manager is Hudson Bay Capital Management L.P. As such, each of the Investment Manager and Hudson Bay Capital Management L.P. may be deemed to share beneficial ownership of the shares held by the Fund. As the managing member of the general partner of Hudson Bay Capital Management L.P., Mr. Sander Gerber may be deemed to share beneficial ownership of the shares held by the Fund. Each Reporting Person disclaims beneficial ownership of the shares held by the Fund, except to the extent of its or his pecuniary interest therein.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.73 to $8.00, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each price within the range set forth herein.