4//SEC Filing
AR CAPITAL ACQUISITION 4
Accession 0001144204-16-127900
CIK 0001615892operating
Filed
Oct 11, 8:00 PM ET
Accepted
Oct 12, 8:28 PM ET
Size
8.0 KB
Accession
0001144204-16-127900
Insider Transaction Report
Form 4
KAHANE WILLIAM M
DirectorCEO and Director10% Owner
Transactions
- Sale
Private Placement Warrants (right to buy)
2016-10-07−6,550,000→ 0 total(indirect: See footnote)Exercise: $12.50→ Common Stock (6,550,000 underlying) - Sale
Common Stock
2016-10-07−5,947,827→ 0 total(indirect: See footnote)
Footnotes (4)
- [F1]Pursuant to the terms of the Agreement, dated September 16, 2016 (as amended on September 27, 2016), by and among the Reporting Person, Axar Master Fund Ltd. and the Issuer, the Reporting Person sold such shares of Common Stock and Private Placement Warrants to Axar Master Fund Ltd. for (i) $10.00 in cash and (ii) upon the closing of a business combination by the Issuer, an additional $1,000,000 in cash.
- [F2]AR Capital, LLC is the direct owner of the reported securities. The Reporting Person is a manager and equity holder of AR Capital, LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F3]The warrants will become exercisable 30 days after the completion of the Issuer's initial business combination.
- [F4]The warrants will expire five years after the date on which they first became exercisable, at 5:00 p.m., New York time, or earlier upon redemption or liquidation.
Documents
Issuer
AR CAPITAL ACQUISITION
CIK 0001615892
Entity typeoperating
Related Parties
1- filerCIK 0001615892
Filing Metadata
- Form type
- 4
- Filed
- Oct 11, 8:00 PM ET
- Accepted
- Oct 12, 8:28 PM ET
- Size
- 8.0 KB