Elkin Dimitri 4
4 · Twelve Seas Investment Co · Filed Jun 26, 2018
Insider Transaction Report
Form 4
Elkin Dimitri
CEO10% Owner
Transactions
- Purchase
Ordinary Shares
2018-06-22$10.00/sh+475,000$4,750,000→ 5,550,000 total
Footnotes (2)
- [F1]These shares are underlying units (each unit consisting of one ordinary share, one right entitling the holder thereof to receive one-tenth (1/10) of one share upon the consummation of an initial business combination and one warrant, each warrant exercisable to purchase one share) held by Twelve Seas Sponsors I LLC (the "Sponsor"), acquired pursuant to a unit subscription agreement by and between the Sponsor and the issuer.
- [F2]The shares held by the Sponsor are beneficially owned by Dimitri Elkin, the issuer's Chief Executive Officer and the managing member of the Sponsor, who has sole voting and dispositive power over the shares held by the Sponsor. These shares include up to an aggregate of 675,000 ordinary shares subject to forfeiture by the sponsor to the extent that the underwriters' over-allotment option is not exercised in full. Mr. Elkin disclaims beneficial ownership over any securities owned by the sponsor in which he does not have any pecuniary interest.