4//SEC Filing
RMG Networks Holding Corp 4
Accession 0001437749-14-012675
CIK 0001512074operating
Filed
Jul 10, 8:00 PM ET
Accepted
Jul 11, 4:07 PM ET
Size
12.4 KB
Accession
0001437749-14-012675
Insider Transaction Report
Form 4
Sachs Gregory H
DirectorCEO, President and Chairman10% Owner
Transactions
- Other
Common Stock
2014-07-10+116,950→ 116,950 total(indirect: By Trust) - Other
Common Stock
2014-07-10+425,848→ 437,456 total(indirect: By Trust) - Other
Warrants
2014-07-10+1,600,000→ 2,133,333 total(indirect: By Trust)Exercise: $11.50→ Common Stock (1,600,000 underlying) - Other
Warrants
2014-07-10+400,000→ 400,000 total(indirect: By Trust)Exercise: $11.50→ Common Stock (400,000 underlying)
Holdings
- 142,857(indirect: See Footnote 2)
Common Stock
Footnotes (3)
- [F1]Distribution from SCG Financial Holdings LLC, an Illinois limited liability company (the "Sponsor").
- [F2]These shares are owned of record by the Sponsor and are subject to forfeiture in the event that the last sale price of the Issuer's Common Stock does not equal or exceed $12.00 per share for any 20 trading days within any 30 trading day period within 24 months following the closing of the Issuer's initial business combination ("Business Combination"). Gregory H. Sachs is the trustee and beneficiary of a revocable trust and the children of Mr. Sachs are the beneficiaries under a separate trust, both of which are members of the Sponsor. Mr. Sachs is thereby an indirect holder of securities of the Issuer through the trusts' membership interests in the Sponsor. Gregory H. Sachs is a manager of the Sponsor and ultimately controls the voting and dispositive power of 142,857 shares of Common Stock of the Issuer owned by the Sponsor. The Reporting Person disclaims beneficial ownership of any shares of Common Stock of the Issuer over which he does not have a pecuniary interest.
- [F3]The Warrants became exercisable 30 days following the completion of the Business Combination and will expire five years after completion of the Business Combination.
Documents
Issuer
RMG Networks Holding Corp
CIK 0001512074
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001512074
Filing Metadata
- Form type
- 4
- Filed
- Jul 10, 8:00 PM ET
- Accepted
- Jul 11, 4:07 PM ET
- Size
- 12.4 KB