Churchill Sponsor LLC 4
4 · Churchill Capital Corp · Filed May 14, 2019
Insider Transaction Report
Form 4
Klein Michael Stuart
Director10% Owner
Transactions
- Award
Class B common stock, par value $0.0001 per share
2019-05-13$10.00/sh+500,000$5,000,000→ 500,000 total→ Class A common stock, par value $0.0001 per share (500,000 underlying) - Disposition to Issuer
Class B common stock, par value $0.0001 per share
2019-05-13+500,000→ 0 total→ Class A common stock, par value $0.0001 per share (500,000 underlying) - Sale
Class B common stock, par value $0.0001 per share
2019-05-11$0.00/sh+200,000$280→ 17,050,000 total(indirect: See Footnote)→ Class A common stock, par value $0.0001 per share (200,000 underlying) - Disposition to Issuer
Class B common stock, par value $0.0001 per share
2019-05-13+17,050,000→ 0 total(indirect: See Footnote)→ Class A common stock, par value $0.0001 per share (17,050,000 underlying)
Footnotes (3)
- [F1]Pursuant to Churchill Capital Corp's (the "Issuer") Amended and Restated Certificate of Incorporation, the shares of Class B common stock, par value $0.0001 per share (the "Class B Shares"), will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the Issuer at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as described under the heading "Description of Securities- Founder Shares" in the Issuer's registration statement on Form S-1 (file No. 333-226928). The shares of Class B common stock have no expiration date.
- [F2]Represents the exchange of 17,050,000 Class B Shares to Clarivate Analytics PLC ("Clarivate") in exchange for 17,050,000 ordinary shares of Clarivate in connection with the Company's initial business combination with Clarivate.
- [F3]Represents shares held by Churchill Sponsor LLC. Michael Klein is the sole stockholder of M. Klein Associates, Inc., which is the managing member of Churchill Sponsor LLC.