TOWNSEND RICHARD J 4
4 · Monocle Acquisition Corp · Filed Feb 11, 2019
Insider Transaction Report
Form 4
TOWNSEND RICHARD J
EVP and CFO10% Owner
Transactions
- Purchase
Common Stock
2019-02-11+591,334→ 4,589,303 total(indirect: See footnote) - Purchase
Warrant
2019-02-11+591,334→ 591,334 total(indirect: See footnote)Exercise: $11.50→ Common Stock (591,334 underlying)
Footnotes (4)
- [F1]Simultaneously with the Issuer's initial public offering, Monocle Partners, LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 591,334 units (the "Private Units") in a private placement for an aggregate purchase price of $5,913,340. Each Private Unit consists of one share of common stock and one warrant.
- [F2]The securities are held directly by the Sponsor and indirectly by Eric J. Zahler, Sai S. Devabhaktuni and Richard J. Townsend as managers of the Sponsor. Each of Messrs. Zahler, Devabhaktuni and Townsend disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F3]The warrants will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or February 11, 2020.
- [F4]The warrants expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.