4//SEC Filing
Pivotal Spac Funding LLC 4
Accession 0001094891-19-000246
CIK 0001752474other
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 10:48 AM ET
Size
14.3 KB
Accession
0001094891-19-000246
Insider Transaction Report
Form 4
Pivotal Spac Funding LLC
10% Owner
Transactions
- Conversion
Common Stock
2019-12-19+5,070,608→ 5,070,608 total(indirect: By LLC) - Conversion
Class B common stock
2019-12-19−5,070,608→ 0 total(indirect: By LLC)→ Common Stock (5,070,608 underlying) - Disposition to Issuer
Warrants
2019-12-19−1,764,719→ 4,585,281 total(indirect: By LLC)Exercise: $11.50→ Common Stock (1,764,719 underlying) - Disposition to Issuer
Class B common stock
2019-12-19−479,392→ 5,320,608 total(indirect: By LLC)→ Common Stock (479,392 underlying)
LEDECKY JONATHAN J
Director10% Owner
Transactions
- Disposition to Issuer
Class B common stock
2019-12-19−479,392→ 5,320,608 total(indirect: By LLC)→ Common Stock (479,392 underlying) - Conversion
Common Stock
2019-12-19+5,070,608→ 5,070,608 total(indirect: By LLC) - Conversion
Class B common stock
2019-12-19−5,070,608→ 0 total(indirect: By LLC)→ Common Stock (5,070,608 underlying) - Disposition to Issuer
Warrants
2019-12-19−1,764,719→ 4,585,281 total(indirect: By LLC)Exercise: $11.50→ Common Stock (1,764,719 underlying)
Footnotes (5)
- [F1]Pivotal Acquisition Corp.'s Class B common stock was convertible on a one-for-one basis into common equity of the surviving entity upon consummation of the Issuer's initial business combination and had no expiration date. In connection with the Issuer's business combination, such shares of Class B common stock of Pivotal Acquisition Corp. automatically converted into shares of common stock of KLDiscovery Inc.
- [F2]The reporting person forfeited these securities to the Issuer for no consideration.
- [F3]The warrants will become exercisable 30 days after the completion of the Issuer's initial business combination.
- [F4]The warrants will expire on the fifth anniversary of the completion of the Issuer's initial business combination.
- [F5]These shares are owned directly by Pivotal Acquisition Holdings LLC, a ten percent owner of the issuer, and indirectly by its managing members, Jonathan Ledecky (a director of the Issuer) and Pivotal Spac Funding LLC. Pivotal Spac Funding LLC is an affiliate of MGG Investment Group LP, whose Chief Executive Officer is Kevin Griffin, a director of the Issuer. Each of Mr. Ledecky, Pivotal Spac Funding LLC, MGG Investment Group LP, and Mr. Griffin disclaim beneficial ownership of the securities held by Pivotal Acquisition Holdings LLC, except to the extent of his or its pecuniary interest therein.
Documents
Issuer
Pivotal Acquisition Corp
CIK 0001752474
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001763970
Filing Metadata
- Form type
- 4
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 10:48 AM ET
- Size
- 14.3 KB