4//SEC Filing
LANDERS PATRICK J 4
Accession 0001209191-10-057689
CIK 0001499482other
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 9:54 PM ET
Size
11.8 KB
Accession
0001209191-10-057689
Insider Transaction Report
Form 4
LANDERS PATRICK J
DirectorPresident10% Owner
Transactions
- Purchase
Common Stock
2010-11-29+561,400→ 1,078,181 total(indirect: See Footnote) - Purchase
Common Stock Warrants (right to buy)
2010-11-29+561,400→ 561,400 total(indirect: See Footnote)Exercise: $11.50→ Common Stock (561,400 underlying) - Purchase
Sponsor Warrants
2010-11-29$0.75/sh+1,253,333$940,000→ 1,814,733 total(indirect: See Footnote)Exercise: $11.50→ Common Stock (1,253,333 underlying)
Footnotes (4)
- [F1]The reported securities are included within 561,400 units purchased by the reporting person for $10.00 per unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.
- [F2]67,406 of these shares are subject to forfeiture to the extent the underwriters' over allotment option, as described in the Issuer's registration statement on Form S-1 (File No.333-168949), is not exercised in full. In addition, 287,101 of the shares (or up to 249,653 if the underwriters' over-allotment option is not exercised in full) are subject to forfeiture on the five-year anniversary of the closing of the Issuer's initial business combination unless prior to such time the last sales price of the Issuer's common stock equals or exceeds $18.00 per share for any 20 trading days within any 30-trading day period or if the Issuer consummates a subsequent liquidation, merger, stock exchange or other similar transaction that results in all of its stockholders having the right to exchange their common stock of the Issuer for cash, securities or other property in an amount which equals or exceeds $18.00 per share.
- [F3]LLM Capital Partners LLC is the manager and LLM Advisors L.P. is the general partner of LLM Investors L.P. and LLM Strategic Equity Fund L.P. (the "Funds"). LLM Advisors LLC is the general partner of LLM Advisors L.P. LLM Capital Partners LLC is the managing member of LLM Advisors LLC. LM Capital LLC is the managing member of LLM Capital Partners LLC. Patrick J. Landers and Frederick S. Moseley, IV are the members of LM Capital LLC. Mr. Landers also has a limited partnership interest in LLM Investors L.P. Mr. Landers disclaims beneficial ownership of all shares held by the Funds in which he does not have a pecuniary interest.
- [F4]The Sponsor Warrants are identical to the warrants included in the units that were sold by the Issuer in its initial public offering (the "Unit Warrants"), except for those differences set forth in the Issuer's registration statement on Form S-1 (File No. 333-168949). In addition, the Sponsor Warrants and Unit Warrants generally are not transferable, assignable or salable until 30 days after the completion of the Issuer's initial business combination and will expire worthless if the Issuer does not complete an initial business combination within 18 months from the closing of the Issuer's initial public offering.
Documents
Issuer
L&L Acquisition Corp.
CIK 0001499482
Entity typeother
Related Parties
1- filerCIK 0001078687
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 9:54 PM ET
- Size
- 11.8 KB