Chart Acquisition Corp. 4
4 · Chart Acquisition Corp. · Filed Mar 17, 2015
Insider Transaction Report
Form 4
Brady Christopher D.
DirectorPresident10% Owner
Transactions
- Purchase
Warrants (Right to Buy)
2015-03-13$0.30/sh+399,292$119,788→ 635,293 total(indirect: See footnote)Exercise: $11.50→ Common Stock (399,292 underlying)
Footnotes (2)
- [F1]On March 13, 2015, Chart Acquisition Group LLC acquired 399,292 warrants at a purchase price of $0.30 per warrant pursuant to a tender offer commenced in connection with a special meeting of stockholders of Chart Acquisition Corp. ("Chart") to approve, among other matters, an amendment to Chart's existing charter extending the date by which Chart must consummate its initial business combination (the "Business Combination") from March 13, 2015 to June 13, 2015. Mr. Brady indirectly owns the 399,292 warrants reported herein through his membership interest in Antwerp L.L.C, the general partner of The Chart Group L.P. which is the sole managing member of Chart Acquisition Group LLC.
- [F2]Each warrant is exercisable to purchase one share of common stock of Chart at an exercise price of $11.50 during the period commencing on the later of (i) December 19, 2013 or (ii) 30 days following the consummation of the Business Combination, and expiring on the fifth anniversary of the consummation of the Business Combination. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of his or 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.