Atlas Crest Investment LLC 3
3 · Atlas Crest Investment Corp. · Filed Oct 30, 2020
Insider Transaction Report
Form 3
Atlas Crest Investment LLC
10% Owner
Holdings
- (indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (14,375,000 underlying)
Footnotes (3)
- [F1]As described in the registrant's registration statement on Form S-1 (File No. 333-249289) (the "Registration Statement") under the heading "Description of Securities--Founder Shares," the shares of Class B common stock, par value $0.0001 per share, will automatically convert into shares of Class A common stock, par value $0.0001 per share, at the time of the registrant's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
- [F2]These shares represent Class B common stock held by the Reporting Person including an aggregate up to 1,875,000 shares that are subject to forfeiture by the Reporting Person to the extent that the underwriter's over-allotment is not exercised in full or in part.
- [F3]Kenneth Moelis is the sole managing member of the Reporting Person. As such, Mr. Moelis may be deemed to beneficially own the shares of Class B common stock held directly by the Reporting Person. Mr. Moelis disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.