Fass Jarret 4
4 · Selway Capital Acquisition Corp. · Filed Nov 14, 2011
Insider Transaction Report
Form 4
Fass Jarret
Vice President
Transactions
- Award
Warrants to purchase common stock
2011-11-14$0.75/sh+116,667$87,500→ 116,667 total(indirect: By LLC)Exercise: $7.50From: 2012-11-07Exp: 2016-11-07→ Common stock (116,667 underlying)
Footnotes (2)
- [F1]The Reporting Person indirectly beneficially owns Warrants to purchase 116,667 shares of common stock of the Issuer through Selway Capital Holdings LLC, which owns Warrants to purchase an aggregate of 2,333,333 shares of common stock of the Issuer. The number of Warrants beneficially owned by the Reporting Person represents the extent to which the Reporting Person has a pecuniary interest in the Warrants owned by Selway Capital Holdings LLC.
- [F2]The Warrants are exercisable on the later of (i) the consolidation of each series of the Issuer's common stock into one class of common stock after consummation by the Issuer of an initial acquisition transaction, post-acquisition tender offer or post-acquisition automatic trust liquidation, as the case may be, or (ii) November 7, 2012.