RCS Capital Corp 4
4 · RCS Capital Corp · Filed Nov 17, 2015
Insider Transaction Report
Form 4
RCS Capital CorpRCAP
KAHANE WILLIAM M
DirectorChief Executive Officer10% Owner
Transactions
- Other
Series D-1 Convertible Preferred Stock
2015-11-09+1,000,000→ 1,000,000 total(indirect: By LLC)→ Common Stock (5,000,000 underlying)
Footnotes (2)
- [F1]On November 9, 2015, pursuant to a termination agreement and release, AR Capital, LLC ("ARC") purchased from Apollo Principal Holdings I, L.P. ("APH I") 1,000,000 shares of 11% Series D-1 Convertible Preferred Stock (the "Series D-1 Preferred Stock") of the issuer for a purchase price of $25,666,845. Mr. Kahane is a managing member of ARC.
- [F2]The holders of shares of Series D-1 Preferred Stock have the right, at their option at any time and from time to time, to convert some or all of their shares of Series D-1 Preferred Stock into the number of shares of the issuer's Class A Common Stock obtained by dividing the aggregate liquidation preference of such shares plus an amount equal to all accrued and unpaid dividends from the date immediately following the immediately preceding dividend payment date to the date of conversion by an initial conversion price of $5.00, which will be adjustable upon the occurrence of certain events and transactions to prevent dilution.