Sproule Byron I. 5
5 · Global Cornerstone Holdings Ltd · Filed Feb 14, 2012
Insider Transaction Report
Form 5
Sproule Byron I.
CFO and EVP
Transactions
- Disposition to Issuer
Ordinary Shares
2011-05-05−5,268→ 35,122 total(indirect: See Footnote)
Footnotes (2)
- [F1]As contemplated in connection with the Issuer's initial public offering, 5,268 ordinary shares, held by Global Cornerstone Holdings LLC, were returned to the Issuer for no consideration and cancelled because the underwriters' over-allotment option was not exercised in full. Also includes 8,976 ordinary shares that are subject to forfeiture in the event the last sales price of the ordinary shares does not equal or exceed $13.00 per share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Issuer's initial business combination, as described in Issuer's initial public offering prospectus.
- [F2]Reporting Person indirectly owns the ordinary shares reported herein through his membership interest in Global Cornerstone Holdings LLC.