Cambridge Capital Acquisition Corp 4
4 · Cambridge Capital Acquisition Corp · Filed Jan 19, 2016
Insider Transaction Report
Form 4
Morris Jonathan
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2015-12-23−8,473→ 0 total - Disposition to Issuer
Common Stock
2015-12-22−1,043,062→ 0 total(indirect: By Trust) - Disposition to Issuer
Warrants
2015-12-23−5,543→ 0 totalExercise: $11.50From: 2015-12-23Exp: 2018-12-23→ Common Stock (5,543 underlying) - Sale
Common Stock
2015-12-23−539,351→ 1,043,062 total(indirect: By Trust)
Footnotes (5)
- [F1]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. Morris disposed of 8,473 shares of common stock of the Issuer in exchange for the same number of shares in Holdco.
- [F2]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.
- [F3]Mr. Morris is the trustee of the Gordon Family 2007 Trust and exercises voting and dispositive power over the shares held by such entity.
- [F4]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 Gordon Family 2007 Trust disposed of 1,043,062 shares of common stock of the Issuer in exchange for the same number of shares in Holdco.
- [F5]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.