4//SEC Filing
HECKTMAN JEFFREY BRUCE 4
Accession 0001615774-18-001456
CIK 0001622175other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 2:45 PM ET
Size
20.1 KB
Accession
0001615774-18-001456
Insider Transaction Report
Form 4
HECKTMAN JEFFREY BRUCE
Director
Transactions
- Purchase
Common Stock
2015-11-24$0.02/sh+15,650$313→ 435,709 total(indirect: See footnote) - Purchase
Common Stock
2015-11-24$10.00/sh+5,000$50,000→ 127,500 total(indirect: See footnote) - Other
Common Stock
2018-01-08−435,709→ 0 total(indirect: See footnote) - Purchase
Warrants
2015-11-24$10.00/sh+2,500$25,000→ 63,750 total(indirect: See footnote)Exercise: $12.50→ Common Stock (2,500 underlying) - Purchase
Right
2015-11-24$10.00/sh+500$5,000→ 12,750 total(indirect: See footnote)→ Common Stock (500 underlying) - Other
Warrants
2018-01-08−63,750→ 0 total(indirect: See footnote)Exercise: $12.50→ Common Stock (63,750 underlying)
Holdings
- 5,000
Common Stock
- 12,750(indirect: See footnote)
Right
→ Common Stock (12,750 underlying)
Footnotes (11)
- [F1]Represents the shares of common stock beneficially owned by Hilco Merchant Resources, LLC ("Hilco"), of which the Reporting Person has sole voting and investment power.
- [F10]If the Issuer fails to consummate an initial business combination by June 30, 2018 (unless the date to consummate e a business combination is extended), the Issuer will be dissolved and the Rights will expire worthless.
- [F11]Represents the shares of common stock underlying the 127,500 Units of the Issuer that Hilco owns pursuant to the initial public offering and the 2015 Purchase. 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.
- [F2]Represents sponsor insider shares acquired by Hilco in connection with the initial public offering of the Issuer and 15,650 insider shares acquired pursuant to a private purchase on November 24, 2015 (the "2015 Purchase").
- [F3]Represents the shares of common stock underlying the 127,500 Units of the Issuer that Hilco owns pursuant to the initial public offering and the 2015 Purchase. 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]In connection with 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"), Hilco and other sellers party thereto, the Purchasers agreed that they would cause to be paid certain obligations of the Issuer in the amount of approximately $2,213,229.11.
- [F5]Latter of (i) completion of initial business combination and (ii) 12 months from date of prospectus.
- [F6]3 years after completion of initial business combination.
- [F7]Represents the shares of common stock underlying the 5,000 Units of the Issuer that Reporting Person acquired pursuant to the 2015 Purchase. Each Unit consists of one share of common stock, one Right, and one Warrant.
- [F8]N/A
- [F9]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.
Documents
Issuer
BARINGTON/HILCO ACQUISITION CORP.
CIK 0001622175
Entity typeother
Related Parties
1- filerCIK 0001629134
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 2:45 PM ET
- Size
- 20.1 KB