4//SEC Filing
INTERNATIONAL TEXTILE GROUP INC 4
Accession 0001437749-16-040376
CIK 0000918964operating
Filed
Oct 25, 8:00 PM ET
Accepted
Oct 26, 8:29 PM ET
Size
15.9 KB
Accession
0001437749-16-040376
Insider Transaction Report
Form 4
WL ROSS & CO LLC
10% Owner
Transactions
- Sale
Series A Converible Preferred
2016-10-24→ 0 total→ Common Stock (3,571,521.402 underlying) - Disposition to Issuer
Common Stock
2016-10-24$0.55/sh−29,344,155$16,139,285→ 0 total - Award
Common Stock
2016-10-24+15,000,000→ 29,344,155 total(indirect: See footnote)
INTERNATIONAL TEXTILE HOLDINGS INC
10% Owner
Transactions
- Sale
Series A Converible Preferred
2016-10-24→ 0 total→ Common Stock (3,571,521.402 underlying) - Award
Common Stock
2016-10-24+15,000,000→ 29,344,155 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2016-10-24$0.55/sh−29,344,155$16,139,285→ 0 total
WLR RECOVERY FUND II LP
10% Owner
Transactions
- Award
Common Stock
2016-10-24+15,000,000→ 29,344,155 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2016-10-24$0.55/sh−29,344,155$16,139,285→ 0 total - Sale
Series A Converible Preferred
2016-10-24→ 0 total→ Common Stock (3,571,521.402 underlying)
WLR RECOVERY FUND III LP
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2016-10-24$0.55/sh−29,344,155$16,139,285→ 0 total - Sale
Series A Converible Preferred
2016-10-24→ 0 total→ Common Stock (3,571,521.402 underlying) - Award
Common Stock
2016-10-24+15,000,000→ 29,344,155 total(indirect: See footnote)
WLR Recovery Associates III LLC
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2016-10-24$0.55/sh−29,344,155$16,139,285→ 0 total - Award
Common Stock
2016-10-24+15,000,000→ 29,344,155 total(indirect: See footnote) - Sale
Series A Converible Preferred
2016-10-24→ 0 total→ Common Stock (3,571,521.402 underlying)
WLR RECOVERY ASSOCIATES II LLC
10% Owner
Transactions
- Award
Common Stock
2016-10-24+15,000,000→ 29,344,155 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2016-10-24$0.55/sh−29,344,155$16,139,285→ 0 total - Sale
Series A Converible Preferred
2016-10-24→ 0 total→ Common Stock (3,571,521.402 underlying)
Footnotes (4)
- [F1]Acquired pursuant to an exchange and contribution agreement, dated as of October 24, 2016, between certain of the reporting persons (or their affiliates) and the Company, pursuant to which certain of the reporting persons (or their affiliates) exchanged and contributed to the capital of the Company debt securities of the Company held by them in exchange for, among other things, 15,000,000 shares of the Company's common stock. This acquisition was exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3(d).
- [F2]Each share of Series A convertible preferred stock is convertible, at the option of the holder thereof, into 2.5978 shares of common stock, subject to certain limitations.
- [F3]The Series A convertible preferred stock has no expiration date.
- [F4]WLR Recovery Fund II, L.P. ("Fund II") is the majority stockholder of International Textile Holdings, Inc. (n/k/a WLR/AR Holdings, Inc.). WLR Recovery Associates II LLC is the general partner of Fund II. WLR Recovery Associates III LLC is the general partner of WLR Recovery Fund III, L.P. WL Ross & Co. LLC has certain voting and dispositive power over the reporting persons and various affiliates thereof.
Documents
Issuer
INTERNATIONAL TEXTILE GROUP INC
CIK 0000918964
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000918964
Filing Metadata
- Form type
- 4
- Filed
- Oct 25, 8:00 PM ET
- Accepted
- Oct 26, 8:29 PM ET
- Size
- 15.9 KB