Draper Oakwood Investments LLC 3
3 · Draper Oakwood Technology Acquisition Inc. · Filed Sep 14, 2017
Insider Transaction Report
Form 3
Draper Oakwood Investments LLC
10% Owner
Holdings
Class F Common Stock
Exercise: $0.00→ Class A Common Stock (1,437,500 underlying)
Footnotes (3)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-220180) under the heading "Description of Securities-Founders' Shares", the shares of Class F common stock will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights.
- [F2]These shares represent the Class F common stock held by Draper Oakwood Investments, LLC (the "Sponsor"), acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. The Class F common stock owned by the Sponsor includes up to 187,500 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement.
- [F3]Each of the issuer's officers and directors is a member of the Sponsor. Roderick Perry, the issuer's Executive Chairman of the Board, and Aamer Sarfraz, the issuer's Chief Executive Officer, Chief Financial Officer and Director, are the managing members of the Sponsor and jointly have the voting and dispositive power of the securities held by the Sponsor. Accordingly, Messrs. Perry and Sarfraz may be deemed to have or share beneficial ownership of such shares.