Jacobs Private Equity, LLC 4
4 · XPO Logistics, Inc. · Filed Feb 25, 2021
Insider Transaction Report
Form 4
Jacobs Private Equity, LLC
Director10% Owner
Transactions
- Award
Common Stock, par value $0.001 per share
2021-02-23+9,071,162→ 18,714,019 total - Disposition to Issuer
Warrants
2021-02-23−9,642,857→ 0 totalExercise: $7.00From: 2011-09-02Exp: 2021-09-02→ Common Stock, par value $0.001 per share (9,642,857 underlying)
Footnotes (3)
- [F1]On February 23, 2021, the Reporting Person exchanged 9,642,857 warrants that were otherwise due to expire on September 2, 2021, for 9,071,162 shares of common stock, par value $0.001 per share (the "Shares"), of XPO Logistics, Inc. in a cashless exchange pursuant to an agreement with XPO Logistics, Inc. dated December 30, 2020. No Shares were sold by the Reporting Person in connection with the transaction.
- [F2]The initial exercise price of the warrants was $7 per Share, subject to adjustment as set forth in the Form of Warrant Certificate, filed as Exhibit 4.2 to XPO Logistics, Inc.'s Current Report on Form 8-K filed with the SEC on September 6, 2011 (the "Warrant Certificate").
- [F3]Represents 9,642,857 Shares initially issuable upon the exercise of 9,642,857 warrants, subject to adjustment as set forth in the Warrant Certificate.