Selway Capital Acquisition Corp. 4
4 · Selway Capital Acquisition Corp. · Filed Aug 30, 2013
Insider Transaction Report
Form 4
Sekulski Gary
DirectorSee Remarks10% Owner
Transactions
- Other
Series C Common Stock
2013-06-25−600,000→ 780,000 total
Holdings
- 416,000(indirect: By Trust)
Series C Common Stock
- 185,900(indirect: By Morris Consulting)
Series C Common Stock
Footnotes (4)
- [F1]On June 25, 2013, the Reporting Person entered into a rescission agreement with the Issuer for the cancellation of an aggregate of 600,000 shares of common stock issued to the Reporting Person on April 10, 2013.
- [F2]Includes 78,000 shares that are subject to a share escrow agreement dated April 10, 2013 (the "Closing Payment Escrow Agreement"). Such shares will be held in escrow and subject to cancellation until April 10, 2014 to cover certain indemnification obligations made by Healthcare Corporation of America ("HCCA") to the Issuer pursuant to an Agreement and Plan of Merger dated January 25, 2013, by and among the Issuer, Selway Merger Sub Inc., HCCA, Prescription Corporation of America, a wholly owned subsidiary of HCCA, Gary Sekulski, as the representative of the stockholders of HCCA, and Edmundo Gonzalez, as the Issuer's representative.
- [F3]The Reporting Person has voting and investment control over, and a pecuniary interest in, the 416,000 shares held by the Gary Sekulski 2013 Grantor Trust, of which 41,600 shares are subject to the Closing Payment Escrow Agreement, to be held in escrow and subject to cancellation until April 10, 2014.
- [F4]The Reporting Person has voting and investment control over, and a pecuniary interest in, the 185,900 shares held by Morris Consulting, of which 18,590 shares are subject to the Closing Payment Escrow Agreement, to be held in escrow and subject to cancellation until April 10, 2014.