Datatax Business Services Ltd 4
4 · Liberty Tax, Inc. · Filed Aug 7, 2018
Insider Transaction Report
Form 4
Datatax Business Services Ltd
10% Owner
Transactions
- Conversion
Class A Common Stock
2018-08-03+1,000,000→ 3,000,000 total - Conversion
Exchangeable Shares
2018-08-03−1,000,000→ 0 total→ Class A Common Stock (1,000,000 underlying) - Conversion
Special Voting Preferred Stock
2018-08-03−10→ 0 total - Sale
Class A Common Stock
2018-08-03$8.54/sh−3,000,000$25,620,000→ 0 total
Footnotes (2)
- [F1]On August 3, 2018, the Reporting Person entered into an agreement to sell 3,000,000 shares of the Issuer's Class A Common Stock to Vintage Tributum LP in a private transaction (the "Private Sale"). In connection with the Private Sale, the Reporting Person converted 1,000,000 Exchangeable Shares of Liberty Tax Holding Corporation, a wholly-owned subsidiary of Issuer (the "Exchangeable Shares"), and 10 shares of the Issuer's Special Voting Preferred Stock (the "Special Voting Preferred Stock") into 1,000,000 shares of the Issuer's Class A Common Stock.
- [F2]The Exchangeable Shares and Special Voting Preferred Stock were convertible into Class A Common Stock at any time and had no expiration date.