Barington Companies Advisors, LLC 4
4 · BARINGTON/HILCO ACQUISITION CORP. · Filed Feb 21, 2018
Insider Transaction Report
Form 4
Barington Companies Advisors, LLC
10% Owner
Transactions
- Other
Warrants
2018-01-08−61,250→ 0 totalExercise: $12.50→ Common Stock (61,250 underlying) - Other
Common Stock
2018-01-08−490,508→ 0 total
Holdings
- 122,500
Common Stock
- 12,250
Right
→ Common Stock (12,250 underlying)
Footnotes (9)
- [F1]In consideration for the transfer of shares of common stock and warrants of the Issuer, pursuant to an agreement, dated January 3, 2018 (the "Agreement"), between the Issuer, the purchasers party thereto (the "Purchasers"), the Reporting Person and other sellers party thereto, the Purchasers agreed that they ould cause to be paid certain obligations of the Issuer in the amount of approximately $2,213,229.11.
- [F2]Represents sponsor insider shares acquired by Reporting Peson in connection with the initial public offering of the Issuer.
- [F3]Represents the shares of common stock underlying the 122,500 Units of the Issuer that the Reporting Person committed to purchase prior to the effective date of the registration statement relating to the Issuer's initial public offering. Each unit ("Unit") consists of one share of common stock, one right ("Right") to automatically receive one-tenth of one share of common stock upon consummation of the Issuer's initial business combination and one warrant ("Warrant") for the purchase of one-half of one share of common stock at a price of $12.50 per full share.
- [F4]Latter of (i) completion of initial business combination and (ii) 12 months from date of prospectus.
- [F5]3 years after completion of initial business combination.
- [F6]Represents the shares of common stock underlying the 122,500 Units of the Issuer that the Reporting Person committed to purchase prior to the effective date of the registration statement relating to the Issuer's initial public offering. Each Unit consists of one share of common stock and one Right. The related Warrant was transferred to the Purchasers pursuant to the transactions contemplated by the Agreement.
- [F7]N/A
- [F8]Each Right entitles the holder to automatically receive one-tenth (1/10) of one share of the Issuer's common stock upon consummation of the Issuer's initial business combination.
- [F9]If the Issuer fails to consummate an initial business combination by June 30, 2018 (unless the date to consummate a business combination is extended), the Issuer will be dissolved and the Rights will expire worthless.