JWC Acquisition Corp. 4
4 · JWC Acquisition Corp. · Filed Aug 21, 2012
Insider Transaction Report
Form 4
BYRNE ARTHUR P
Vice President
Transactions
- Other
Common Stock
2012-08-21+225,467→ 277,559 total - Disposition to Issuer
Common Stock
2012-08-21−277,559→ 0 total - Disposition to Issuer
Warrants to Purchase Common Stock
2012-08-21−649,938→ 0 totalExercise: $11.50→ Common Stock (649,938 underlying)
Footnotes (4)
- [F1]Received pursuant to pro rata distribution by JWC Acquisition, LLC to its LLC members for no consideration.
- [F2]Disposed of pursuant to merger between the issuer and Tile Shop Holdings, Inc. in exchange for 277,559 shares of common stock of Tile Shop Holdings, Inc.
- [F3]The warrants (i) would have become exercisable on the latter of 30 days after the completion of the Issuer's initial business combination or 12 months after the closing of the Issuer's initial public offering (provided, in each case, that the shares issuable upon exercise of such warrants have been registered for resale pursuant to a registration statement declared effective under the Securities Act of 1933 and qualified for or exempt from registration under the securities laws of the state of residence of the holder) and (ii) would have expired worthless if the Issuer had not completed an initial business combination.
- [F4]In the merger these warrants were assumed by Tile Shop Holdings, Inc. and became exercisable for 649,938 shares of common stock of Tile Shop Holdings, Inc. for $11.50 per share.