4//SEC Filing
Bobba Bharani 4
Accession 0000950103-19-007840
CIK 0001712463other
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 7:52 PM ET
Size
21.5 KB
Accession
0000950103-19-007840
Insider Transaction Report
Form 4
Bobba Bharani
Chief Financial Officer
Transactions
- Exercise/Conversion
Class B common stock
2019-06-03−2,261→ 0 totalFrom: 2019-06-03→ Class A or Class C common stock (2,261 underlying) - Disposition to Issuer
Warrants (Right to buy)
2019-06-03−7,306→ 0 totalExercise: $11.50→ Class A or Class C common stock (7,306 underlying) - Award
Warrants (Right to buy)
2019-06-03+3,014→ 3,014 totalExercise: $11.50→ Class A common stock (3,014 underlying) - Conversion
Class A common stock
2019-06-03+43,272→ 43,272 total - Award
Class A common stock
2019-06-03$10.00/sh+603$6,030→ 46,136 total - Award
Class A common stock
2019-06-03+731→ 63,867 total - Exercise/Conversion
Class A common stock
2019-06-03+2,261→ 45,533 total - Award
Class A common stock
2019-06-03$10.00/sh+17,000$170,000→ 63,136 total - Conversion
Class B common stock
2019-06-03−43,272→ 0 totalFrom: 2019-06-03→ Class A or Class C common stock (100,000 underlying)
Footnotes (7)
- [F1]The transaction described herein is exempt under Rule 16b-6(b) as the conversion of a derivative security.
- [F2]One-third of this Class A common stock has vested and the remaining two-thirds will vest in equal installments on June 3, 2020 and June 3, 2021, respectively. These shares of Class A common stock are subject to forfeiture if certain earnout targets are not met.
- [F3]The shares of Class B common stock automatically converts into Class A common stock effective as of the closing of the previously announced business combination between One Madison Corporation and Rack Holdings, Inc. and Ranpak Corp., which closing occurred on June 3, 2019 (the "Ranpak Business Combination").
- [F4]Pursuant to a forward purchase agreement, contingent on the completion of the Ranpak Business Combination, Mr. Bobba agreed to purchase shares of Class A common stock for $10.00 per share. In connection with the purchase of the shares of Class A common stock under the forward purchase agreement, Mr. Bobba was also entitled to receive one warrant for every three shares of Class A common stock that was issued and sold to Mr. Bobba.
- [F5]Effective as of the Ranpak Business Combination, the issuer canceled, pursuant to the issuer's warrant exchange program, the warrants granted to Mr. Bobba on January 22, 2018. In exchange for the warrants, Mr. Bobba received 731 shares of Class A common stock from the issuer.
- [F6]Each of the canceled warrants would have entitled Mr. Bobba to purchase one share of either Class A or Class C common stock per warrant. If they had not been canceled, the warrants could have been exercised during the period commencing 30 days after the Ranpak Business Combination and terminating at 5:00 p.m. New York City time on the date that is five years after the Ranpak Business Combination.
- [F7]The warrant may be exercised during the period commencing 30 days after the Ranpak Business Combination and terminating at 5:00 p.m. New York City time on the date that is five years after the Ranpak Business Combination.
Documents
Issuer
Ranpak Holdings Corp.
CIK 0001712463
Entity typeother
Related Parties
1- filerCIK 0001728279
Filing Metadata
- Form type
- 4
- Filed
- Jun 4, 8:00 PM ET
- Accepted
- Jun 5, 7:52 PM ET
- Size
- 21.5 KB