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4//SEC Filing

Greektown Superholdings, Inc. 4

Accession 0001181431-13-023817

CIK 0001487685operating
View on SEC.govCompany Profile

Filed

Apr 28, 8:00 PM ET

Accepted

Apr 29, 5:45 PM ET

Size

13.7 KB

Accession

0001181431-13-023817

Insider Transaction Report

Form 4
Period: 2013-04-25
Greektown Superholdings, Inc.NONE
Athens Acquisition LLC
10% Owner
Transactions
  • Sale

    Put Option (obligation to buy)

    2013-04-25−121,676→ 121,676 total
    Exercise: $90.00From: 2013-04-25Exp: 2013-12-31→ Series A-2 Preferred Stock (121,676 underlying)
  • Sale

    Put Option (obligation to buy)

    2013-04-25−273,930→ 273,930 total
    Exercise: $90.00From: 2013-04-25Exp: 2013-12-31→ Warrants to Purchase Series A-2 Preferred Stock (273,930 underlying)
  • Sale

    Put Option (obligation to buy)

    2013-04-25−94,999→ 94,999 total
    Exercise: $90.00From: 2013-04-25Exp: 2013-12-31→ Series A-1 Preferred Stock (94,999 underlying)
GILBERT DANIEL
10% Owner
Transactions
  • Sale

    Put Option (obligation to buy)

    2013-04-25−94,999→ 94,999 total
    Exercise: $90.00From: 2013-04-25Exp: 2013-12-31→ Series A-1 Preferred Stock (94,999 underlying)
  • Sale

    Put Option (obligation to buy)

    2013-04-25−273,930→ 273,930 total
    Exercise: $90.00From: 2013-04-25Exp: 2013-12-31→ Warrants to Purchase Series A-2 Preferred Stock (273,930 underlying)
  • Sale

    Put Option (obligation to buy)

    2013-04-25−121,676→ 121,676 total
    Exercise: $90.00From: 2013-04-25Exp: 2013-12-31→ Series A-2 Preferred Stock (121,676 underlying)
Footnotes (4)
  • [F1]As previously reported, on April 8, 2013, Athens Acquisition, LLC ("Athens") entered into a Stockholders Agreement with the Issuer (the "Stockholders Agreement") which contemplated Athens entering into an Investor Rights Agreement (the "Investor Rights Agreement") with Brigade Leveraged Capital Structures Fund Ltd. ("Brigade") and certain entities affiliated with Standard General LP (collectively, "Standard General") (should Brigade and Standard General choose to enter into such agreement). The Investor Rights Agreement contains a provision whereby the investor party thereto would have the non-transferable right to sell to Athens all securities of the Issuer held by such investor on the date of the Investor Rights Agreement for an amount equal to $90 per share (or less per share if the investor exercises a "Conversion Right" under the Issuer's charter) (the "Sale Right").
  • [F2]On April 25, 2013, Brigade executed the Investor Rights Agreement. As a result, Brigade may elect to exercise the Sale Right with respect to all of the securities of the Issuer then held by Brigade, which securities consisted of an aggregate of: (x) 94,999 shares of Series A-1 Preferred Stock, (y) 121,676 shares of Series A-2 Preferred Stock, and (z) warrants to purchase 273,930 shares of Series A-2 Preferred Stock (collectively, the "Brigade Shares"). As of the date hereof, Brigade has not yet elected to exercise the Sale Right.
  • [F3]As the sole member of Athens, Daniel Gilbert ("Mr. Gilbert") may be deemed to be the indirect beneficial owner (as determined under Section 13(d) of the Securities Exchange Act of 1934, as amended) of any securities beneficially owned by Athens.
  • [F4]Each of the Reporting Persons disclaims beneficial ownership of the securities reported hereon except to the extent of their respective pecuniary interest therein.

Documents

1 file

Issuer

Greektown Superholdings, Inc.

CIK 0001487685

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001487685

Filing Metadata

Form type
4
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 5:45 PM ET
Size
13.7 KB
View on SEC.gov