4//SEC Filing
IMATION CORP 4
Accession 0000902664-17-000786
$GLAECIK 0001014111operating
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 4:51 PM ET
Size
8.9 KB
Accession
0000902664-17-000786
Insider Transaction Report
Form 4
IMATION CORPIMN
Hall George E.
DirectorOther
Transactions
- Award
Common Stock
2017-02-02+12,500,000→ 14,129,387 total(indirect: See footnotes)
CLINTON GROUP INC
DirectorOther
Transactions
- Award
Common Stock
2017-02-02+12,500,000→ 14,129,387 total(indirect: See footnotes)
Footnotes (3)
- [F1]As more fully described in the Schedule 13D/A filed by the Reporting Persons on February 6, 2017, the Issuer issued 12,500,000 shares of Common Stock to Madison Avenue Capital Holdings, Inc., a Delaware corporation, ("MACH") upon the closing of the transactions contemplated by that certain Subscription Agreement dated as of November 22, 2016 by and between the Issuer and Clinton Group, Inc., a Delaware corporation and a wholly owned subsidiary of MACH ("CGI"), in exchange for CGI's agreement to provide certain investment capacity and services to GlassBridge Asset Management, LLC ("GlassBridge") pursuant to the terms and conditions of that certain Capacity and Services Agreement, dated as of February 6, 2016 by and among the Issuer, MACH and GlassBridge.
- [F2]The securities reported herein may be deemed to be indirectly beneficially owned by Mr. George E. Hall ("Mr. Hall") through various entities, including, without limitation: (i) MACH, (ii) GEH Capital, Inc., which is indirectly owned by Mr. Hall and (iii) Clinton Relational Opportunity Master Fund, L.P. ("CREL") and Clinton Special Opportunities Master Fund Ltd. ("CSO"), of which CGI is also deemed to be the indirect beneficial owner of such securities by virtue of its position as investment manager of CSO and its ownership of Clinton Union League, LLC, which serves as the investment manager of CREL. Mr. Hall serves as the Chief Executive Officer of CGI and as President of MACH.
- [F3]For purposes of Rule 16a-1(a)(2) of the 1934 Act, each of the Reporting Persons disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any Reporting Person is the beneficial owner of the securities for the purpose of Section 16 or for any other purpose, except to the extent of such Reporting Person's pecuniary interest therein. Mr. Joseph A. DePerio ("Mr. DePerio") is an employee of CGI and serves as a member of the board of directors of the Issuer. Mr. DePerio submits his Section 16 filings independently of CGI. Each Reporting Person disclaims beneficial ownership of any and all securities beneficially owned by Mr. DePerio.
Documents
Issuer
IMATION CORP
CIK 0001014111
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001014111
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 4:51 PM ET
- Size
- 8.9 KB