Capitol Acquisition Corp. II 4
4 · Capitol Acquisition Corp. II · Filed Mar 16, 2015
Insider Transaction Report
Form 4
Sodha Piyush
Director
Transactions
- Award
Convertible Promissory Note
2015-03-13+10,000→ 10,000 totalExercise: $1.00→ Warrants (Right to Buy) (10,000 underlying)
Footnotes (3)
- [F1]The promissory note is convertible, at the Reporting Person's option and subject to approval of the Issuer's stockholders if required, at the closing of the Issuer's initial business combination.
- [F2]Each warrant entitles the Reporting Person to purchase one share of common stock at a price of $11.50. The warrants would become exercisable 30 days after the completion of an initial business combination, and would expire five years after the completion by the Issuer of an initial business combination, or earlier upon redemption.
- [F3]The convertible promissory note was issued in consideration of a loan made by the Reporting Person in the same amount.