4//SEC Filing
Hennessy Capital Acquisition Corp. 4
Accession 0001213900-14-000453
$BLBDCIK 0001589526operating
Filed
Jan 23, 7:00 PM ET
Accepted
Jan 24, 9:05 PM ET
Size
7.8 KB
Accession
0001213900-14-000453
Insider Transaction Report
Form 4
SHEA PETER
Director
Transactions
- Purchase
Warrant
2013-10-15+500,000→ 500,000 total(indirect: See Footnote)Exercise: $5.75→ Common Stock (250,000 underlying)
Footnotes (4)
- [F1]Reported securities were acquired pursuant to that certain Sponsor Warrant Purchase Agreement dated as of October 15, 2013 by and among Hennessy Capital Partners I LLC and the Issuer. The reported securities are included within 12,125,000 warrants purchased by Hennessy Capital Partners I LLC for $.50 per warrant.
- [F2]Each warrant to purchase one half share of Common Stock of the Issuer is identical to the warrants included in the units sold in the Issuer's initial public offering ("IPO"), except for those differences set forth in the Issuer's IPO prospectus filed with the Commission on January 16, 2014. Such warrants are also subject to certain transfer restrictions. Such warrants may be exercised for cash or on a cashless basis, and are not subject to being called for redemption. Reporting person is the indirect owner of 500,000 warrants to purchase shares of common stock through his membership interest in Hennessy Capital Partners I, LLC and does not have voting or dispositive control over such securities.
- [F3]Each warrant is exercisable to purchase one half share of Common Stock at an exercise price of $5.75 during the period commencing on the later of (i) twelve (12) months from the date of the closing of the Issuer's initial public offering or (ii) 30 days following the consummation of the Issuer's initial business combination (the "Business Combination"), and expiring on the fifth anniversary of the consummation of the Issuer's Business Combination. No fractional shares will be issued upon exercise of the warrants. If, upon exercise of the warrants, a holder would be entitled to receive a fractional interest in a share, the Issuer will, upon exercise, round down to the nearest whole number the number of shares of common stock to be issued to the warrant holder.
- [F4]Reporting person disclaims beneficial ownership except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Documents
Issuer
Hennessy Capital Acquisition Corp.
CIK 0001589526
Entity typeoperating
Related Parties
1- filerCIK 0001589526
Filing Metadata
- Form type
- 4
- Filed
- Jan 23, 7:00 PM ET
- Accepted
- Jan 24, 9:05 PM ET
- Size
- 7.8 KB