Kadenacy Stephen M 4
4 · Boxwood Merger Corp. · Filed Nov 23, 2018
Insider Transaction Report
Form 4
Kadenacy Stephen M
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Class A Common Stock
2018-11-20+250,000→ 250,000 total(indirect: See footnote) - Purchase
Warrant
2018-11-20+3,750,000→ 3,750,000 total(indirect: See footnote)Exercise: $11.50→ Class A Common Stock (3,750,000 underlying)
Footnotes (4)
- [F1]Boxwood Sponsor LLC (the "Sponsor") acquired an aggregate of 250,000 units (each a "Private Placement Unit") at a price of $10.00 per unit, $2,500,000 in the aggregate and 3,500,000 warrants (each a "Private Placement Warrant") at a price of $1.00 per warrant, $3,500,000 in the aggregate, in a private placement that closed simultaneously with the closing of Boxwood Merger Corp.'s (the "Issuer") initial public offering. Each Private Placement Unit consists of one share of the Issuer's Class A common stock and one Private Placement Warrant.
- [F2]The Private Placement Units and the Private Placement Warrants are held directly by the Sponsor. The Sponsor is jointly owned and managed by MIHI Boxwood Sponsor, LLC and Boxwood Management Company, LLC ("Boxwood Management"). Mr. Stephen M. Kadenacy owns a majority interest in, and is the sole manager of, Boxwood Management. As such, Mr. Kadenacy may be deemed to beneficially own the shares held by Boxwood Management or the Sponsor. Certain of the Issuer's other officers and directors hold economic interests in Boxwood Management and pecuniary interests in certain of the securities held by Boxwood Management. Each of Boxwood Management, Mr. Kadenacy and such other officers and directors disclaims such beneficial ownership except to the extent of their respective pecuniary interests therein.
- [F3]The warrants will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or November 20, 2019.
- [F4]The warrants expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.