4//SEC Filing
Cogburn Ronald Clark 4
Accession 0001104659-19-037948
CIK 0001620179other
Filed
Jun 26, 8:00 PM ET
Accepted
Jun 27, 4:57 PM ET
Size
10.7 KB
Accession
0001104659-19-037948
Insider Transaction Report
Form 4
Cogburn Ronald Clark
DirectorChief Executive Officer
Transactions
- Purchase
Common Stock, par value $0.0001 per share (''Common Stock'')
2019-06-25$1.65/sh+13,757$22,699→ 13,757 total - Purchase
Exchangeable Preferred Interests
2019-06-25$1.65/sh+26.38$44→ 15,988 totalExercise: $1.65→ Common Stock (15,988 underlying)
Holdings
- 74,000
Restricted Stock Unit
→ Common Stock (74,000 underlying) - 111,000
Stock Option (right to buy)
Exercise: $5.98Exp: 2028-08-31→ Common Stock (111,000 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.
- [F2]This award will vest in full on August 31, 2019.
- [F3]Forty percent of the options will vest and become exercisable on August 31, 2020 and the remainder will vest and become exercisable on August 31, 2022. Mr. Cogburn owns 110 units of Ex-Sigma LLC which is the largest holder of Exela Technologies, Inc. (the "Issuer") stock. Because Mr. Cogburn does not have voting or dispositive power over any of the shares of the Issuer held by Ex-Sigma LLC, Mr. Cogburn does not have beneficial ownership under Rule 13d-3 of any such shares. This report shall not be deemed an admission that Mr. Cogburn is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- [F4]The Exchangeable Preferred Interests are equity interests in Ex-Sigma LLC, that, subject to certain terms and conditions, are exchangeable into the shares of Common Stock. The Exchangeable Preferred Interests are exchangeable into a number of shares of Common Stock equal to the purchase price of such interests, divided by the lesser of (a) $1.65 and (b) the 5-day volume weighted average price per share for the 5-days preceding the date of such exchange.
Documents
Issuer
Exela Technologies, Inc.
CIK 0001620179
Entity typeother
Related Parties
1- filerCIK 0001712421
Filing Metadata
- Form type
- 4
- Filed
- Jun 26, 8:00 PM ET
- Accepted
- Jun 27, 4:57 PM ET
- Size
- 10.7 KB