Legacy Acquisition Sponsor I LLC 3
3 · Legacy Acquisition Corp. · Filed Nov 16, 2017
Insider Transaction Report
Form 3
Legacy Acquisition Sponsor I LLC
10% Owner
Holdings
Class B Common Stock
Exercise: $0.00→ Class A Common Stock (8,625,000 underlying)
Footnotes (2)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-221116) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination, 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 B common stock held by Legacy Acquisition Sponsor I LLC (the "Sponsor"), acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. The Class B common stock owned by the reporting person includes up to 1,125,000 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.