4/A//SEC Filing
Reynolds James 4/A
Accession 0001104659-20-025588
CIK 0001620179other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 6:01 AM ET
Size
6.8 KB
Accession
0001104659-20-025588
Insider Transaction Report
Form 4/AAmended
Reynolds James
DirectorChief Financial Officer
Transactions
- Purchase
Exchangeable Preferred Interests
2019-06-25$1.65/sh+474.85$784→ 474.85 total(indirect: See Footnote)Exercise: $1.65→ Common Stock (287,787 underlying)
Footnotes (2)
- [F1]The Exchangeable Preferred Interests are equity interests in Ex-Sigma LLC ("Ex-Sigma"), which is the largest holder of Exela Technologies, Inc. (the "Issuer") stock, 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.
- [F2]Shares are held by SoNino LLC, which Mr. Reynolds controls. Mr. Reynolds through his ownership of SoNino LLC owns 1,019 shares in Ex-Sigma. Because Mr. Reynolds does not have voting or dispositive power over any of the shares of the Issuer held by Ex-Sigma, Mr. Reynolds does not have beneficial ownership under Rule 13d-3 of any such shares. This report shall not be deemed an admission that Mr. Reynolds 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.
Documents
Issuer
Exela Technologies, Inc.
CIK 0001620179
Entity typeother
Related Parties
1- filerCIK 0001712536
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 6:01 AM ET
- Size
- 6.8 KB