FINERMAN ADAM W 4
4 · Xstelos Holdings, Inc. · Filed Apr 26, 2012
Insider Transaction Report
Form 4
FINERMAN ADAM W
Director
Transactions
- Other
Common Stock, par value $0.01 per share
2012-04-23+386,484→ 386,484 total
Footnotes (1)
- [F1]The Issuer's predecessor is Footstar, Inc. ("Footstar"), which is a public holding company that is currently winding down pursuant to an Amended Plan of Complete Dissolution and Liquidation, adopted by Footstar's stockholders on May 5, 2009. On January 23, 2012, Footstar entered into a Plan of Reorganization with the Issuer pursuant to which Footstar contributed all of its assets to the Issuer. In exchange for the contribution of all of its assets, the Issuer assumed all of Footstar's liabilities and issued all its common stock (the "Shares") to Footstar. Footstar distributed the Shares to Footstar stockholders as of April 23, 2012, the record date for the distribution, on a one for one pro rata basis, to be effective on or about April 26, 2012 (the "Distribution"). Immediately after the Distribution, Footstar stockholders will own all of the outstanding Shares, proportionate to their percentage ownership of Footstar shares as of the record date for the Distribution.