Cambridge Capital Acquisition Corp 4
4 · Cambridge Capital Acquisition Corp · Filed Jan 19, 2016
Insider Transaction Report
Form 4
Laurans Scott B.
Director
Transactions
- Disposition to Issuer
Common Stock
2015-12-23−83,702→ 0 total - Disposition to Issuer
Warrants
2015-12-23−44,346→ 0 totalExercise: $11.50From: 2015-12-23Exp: 2018-12-23→ Common Stock (44,346 underlying) - Sale
Common Stock
2015-12-23−20,644→ 83,702 total
Footnotes (3)
- [F1]These securities were transferred to third parties as consideration for such third parties purchasing shares of common stock of the issuer and agreeing not to seek conversion of such shares in connection with the issuer's business combination with Ability Computer & Software Industries Ltd.
- [F2]On September 6, 2015, Cambridge Capital Acquisition Corporation (the "Issuer"), Cambridge Holdco Corp. ("Holdco"), Ability Computer & Software Industries Ltd. ("Ability") and the shareholders of Ability entered into an Agreement and Plan of Reorganization (the "Merger Agreement"), pursuant to which, and subject to the terms and conditions thereof, on December 23, 2015 (the "Closing Date") the Issuer merged with and into Holdco, with Holdco surviving the merger. On the Closing Date, pursuant to the Merger Agreement, and subject to the terms and conditions thereof, at the effective time of the merger, Mr. Laurans disposed of 83,702 shares of common stock of the Issuer in exchange for the same number of shares in Holdco.
- [F3]On the Closing Date, pursuant to the Merger Agreement, and subject to the terms and conditions thereof, at the effective time of the merger, the Warrants were assumed by Holdco in the Merger.