Capitol Acquisition Corp. III 4
4 · Capitol Acquisition Corp. III · Filed Feb 8, 2017
Insider Transaction Report
Form 4
Calcano Lawrence
Director
Transactions
- Award
Convertible Promissory Note
2017-02-07+10,909→ 23,030 totalExercise: $1.00→ Warrants (right to buy) (10,909 underlying)
Footnotes (3)
- [F1]The promissory note is convertible, at the Reporting Person's option, at the closing of the Issuer's initial business combination. If the Issuer fails to consummate an initial business combination by October 19, 2017, the Issuer will dissolve and the promissory note will not be convertible.
- [F2]Each warrant entitles the Reporting Person to purchase one share of common stock at a price of $11.50 per share. The warrants become exercisable 30 days after the completion of an initial business combination.
- [F3]The convertible promissory note was issued in consideration of a loan made by the Reporting Person in the same amount.