4//SEC Filing
Greektown Superholdings, Inc. 4
Accession 0001181431-13-029118
CIK 0001487685operating
Filed
May 19, 8:00 PM ET
Accepted
May 20, 5:21 PM ET
Size
13.9 KB
Accession
0001181431-13-029118
Insider Transaction Report
Form 4
GILBERT DANIEL
10% Owner
Transactions
- Exercise of In-Money
Put Option (obligation to buy)
2013-05-16−121,676→ 0 totalExercise: $90.00From: 2013-04-25Exp: 2013-12-31→ Series A-2 Preferred Stock (121,676 underlying) - Exercise of In-Money
Put Option (obligation to buy)
2013-05-16−273,930→ 0 totalExercise: $90.00From: 2013-04-25Exp: 2013-12-31→ Warrants to Purchase Series A-2 Preferred Stock (273,930 underlying) - Exercise of In-Money
Put Option (obligation to buy)
2013-05-16−94,999→ 0 totalExercise: $90.00From: 2013-04-25Exp: 2013-12-31→ Series A-1 Preferred Stock (94,999 underlying)
Athens Acquisition LLC
10% Owner
Transactions
- Exercise of In-Money
Put Option (obligation to buy)
2013-05-16−121,676→ 0 totalExercise: $90.00From: 2013-04-25Exp: 2013-12-31→ Series A-2 Preferred Stock (121,676 underlying) - Exercise of In-Money
Put Option (obligation to buy)
2013-05-16−273,930→ 0 totalExercise: $90.00From: 2013-04-25Exp: 2013-12-31→ Warrants to Purchase Series A-2 Preferred Stock (273,930 underlying) - Exercise of In-Money
Put Option (obligation to buy)
2013-05-16−94,999→ 0 totalExercise: $90.00From: 2013-04-25Exp: 2013-12-31→ Series A-1 Preferred Stock (94,999 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]As previously reported, on April 26, 2013, Brigade executed the Investor Rights Agreement. On May 16, 2013, Brigade exercised the Sale right by delivering to Athens a "Sale Right Exercise Notice" pursuant to the terms of the Investor Rights Agreement 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").
- [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
Issuer
Greektown Superholdings, Inc.
CIK 0001487685
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001487685
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 5:21 PM ET
- Size
- 13.9 KB