4//SEC Filing
Searchlight Capital Partners II GP, LLC 4
Accession 0000950142-18-001197
CIK 0001512077other
Filed
May 20, 8:00 PM ET
Accepted
May 21, 5:18 PM ET
Size
24.9 KB
Accession
0000950142-18-001197
Insider Transaction Report
Form 4
Searchlight II TBO GP, LLC
10% Owner
Transactions
- Other
2.75% Convertible Senior Notes due 2035
2018-05-17+1,000→ 1,000 totalExp: 2035-02-15→ Common Stock, par value $0.0001 per share - Purchase
Common Stock, par value $0.0001 per share
2018-05-18$1.26/sh+200,000$252,060→ 568,800 total - Purchase
Common Stock, par value $0.0001 per share
2018-05-17$1.17/sh+368,800$430,943→ 368,800 total
SC II PV TBO, L.P.
10% Owner
Transactions
- Purchase
Common Stock, par value $0.0001 per share
2018-05-17$1.17/sh+368,800$430,943→ 368,800 total - Purchase
Common Stock, par value $0.0001 per share
2018-05-18$1.26/sh+200,000$252,060→ 568,800 total - Other
2.75% Convertible Senior Notes due 2035
2018-05-17+1,000→ 1,000 totalExp: 2035-02-15→ Common Stock, par value $0.0001 per share
Transactions
- Purchase
Common Stock, par value $0.0001 per share
2018-05-17$1.17/sh+368,800$430,943→ 368,800 total - Purchase
Common Stock, par value $0.0001 per share
2018-05-18$1.26/sh+200,000$252,060→ 568,800 total - Other
2.75% Convertible Senior Notes due 2035
2018-05-17+1,000→ 1,000 totalExp: 2035-02-15→ Common Stock, par value $0.0001 per share
SC II TBO, L.P.
10% Owner
Transactions
- Other
2.75% Convertible Senior Notes due 2035
2018-05-17+1,000→ 1,000 totalExp: 2035-02-15→ Common Stock, par value $0.0001 per share - Purchase
Common Stock, par value $0.0001 per share
2018-05-17$1.17/sh+368,800$430,943→ 368,800 total - Purchase
Common Stock, par value $0.0001 per share
2018-05-18$1.26/sh+200,000$252,060→ 568,800 total
Searchlight II TBO-W, L.P.
10% OwnerOther
Transactions
- Purchase
Common Stock, par value $0.0001 per share
2018-05-17$1.17/sh+368,800$430,943→ 368,800 total - Other
2.75% Convertible Senior Notes due 2035
2018-05-17+1,000→ 1,000 totalExp: 2035-02-15→ Common Stock, par value $0.0001 per share - Purchase
Common Stock, par value $0.0001 per share
2018-05-18$1.26/sh+200,000$252,060→ 568,800 total
Transactions
- Purchase
Common Stock, par value $0.0001 per share
2018-05-18$1.26/sh+200,000$252,060→ 568,800 total - Purchase
Common Stock, par value $0.0001 per share
2018-05-17$1.17/sh+368,800$430,943→ 368,800 total - Other
2.75% Convertible Senior Notes due 2035
2018-05-17+1,000→ 1,000 totalExp: 2035-02-15→ Common Stock, par value $0.0001 per share
Transactions
- Purchase
Common Stock, par value $0.0001 per share
2018-05-18$1.26/sh+200,000$252,060→ 568,800 total - Purchase
Common Stock, par value $0.0001 per share
2018-05-17$1.17/sh+368,800$430,943→ 368,800 total - Other
2.75% Convertible Senior Notes due 2035
2018-05-17+1,000→ 1,000 totalExp: 2035-02-15→ Common Stock, par value $0.0001 per share
Footnotes (8)
- [F1]The price reported in Column 4 is a weighted average price. The shares purchased on May 17, 2018 were purchased in multiple transactions at prices ranging from $1.02 to $1.20, inclusive. The shares purchased on May 18, 2018 were purchased in multiple transactions at prices ranging from $1.19 to $1.32, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of Global Eagle Entertainment Inc., or to Global Eagle Entertainment Inc., upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.
- [F2]The 2.75% Convertible Senior Notes due 2035 (the "Convertible Notes") are owned by Searchlight II TBO-W, L.P. (the "Fund"). Searchlight II TBO GP, LLC ("Searchlight II TBO GP") is the general partner of the Fund. SC II PV TBO, L.P. ("SC II PV TBO"), Searchlight Capital II (FC) AIV, L.P. ("Searchlight Capital II (FC) AIV") and SC II TBO, L.P. ("SC II TBO") are the members of Searchlight II TBO GP. Searchlight Capital Partners II GP, L.P. ("Searchlight Capital Partners II GP LP") is the general partner of SC II PV TBO, Searchlight Capital II (FC) AIV and SC II TBO. Searchlight Capital Partners II GP, LLC ("Searchlight Capital Partners II GP") is the general partner of Searchlight Capital Partners II GP LP. By reason of the provisions of Rule 16a-1, each of the Reporting Persons herein may be deemed to be the beneficial owners of the Convertible Notes beneficially owned by the Fund. (cont'd in FN 3)
- [F3](cont'd from FN 2) Each of the Reporting Persons, other than the Fund, hereby disclaims beneficial ownership of all securities, except to the extent of any indirect pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- [F4]As of the date of this Form 4, the last reported conversion rate for the Convertible Notes was 53.9084 shares of common stock per $1,000 principal amount of Convertible Notes, corresponding to a conversion price of approximately $18.55 per share of common stock. The conversion rate is subject to adjustment in certain circumstances pursuant to the Indenture, dated as of February 18, 2015, between the Issuer and U.S. Bank National Associated, as trustee. Upon conversion of any Convertible Note, the Issuer will pay or deliver to the convertible noteholder cash, shares of common stock or a combination of cash and shares of common stock, at the Issuer's election.
- [F5]The Fund purchased $1,000,000 aggregate principal amount of the Convertible Notes for an aggregate purchase price of $650,000 in open market transactions.
- [F6]The Convertible Notes are convertible by holders any time prior to the close of business on the business day immediately preceding November 15, 2034, only if one or more of the following conditions has been satisfied: (1) during any calendar quarter beginning after March 31, 2015 if the closing price of the Issuer's common stock equals or exceeds 130% of the conversion price per share during a defined period at the end of the previous quarter, (2) during the five consecutive business day period immediately following any five consecutive trading day period in which the trading price per $1,000 principal amount of Convertible Notes for each trading day was less than 98% of the product of the last reported sale price of the Issuer's common stock and the conversion rate on each such trading day; (3) if specified corporate transactions occur, or (cont'd in FN 7)
- [F7](cont'd from FN 6) (4) if the Issuer calls any or all of the Convertible Notes for redemption, at any time prior to the close of business on the second business day immediately preceding the redemption date. On or after November 15, 2034, until the close of business on the second scheduled trading day immediately preceding February 15, 2035, a holder may convert all or a portion of its Convertible Notes at any time, regardless of the foregoing circumstances.
- [F8]$1,000,000 aggregate principal amount of Convertible Notes.
Documents
Issuer
Global Eagle Entertainment Inc.
CIK 0001512077
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001735631
Filing Metadata
- Form type
- 4
- Filed
- May 20, 8:00 PM ET
- Accepted
- May 21, 5:18 PM ET
- Size
- 24.9 KB