4//SEC Filing
ACKERMAN RICHARD 4
Accession 0001654954-17-011320
CIK 0001719406other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 8:23 PM ET
Size
13.4 KB
Accession
0001654954-17-011320
Insider Transaction Report
Form 4
ACKERMAN RICHARD
DirectorPresident and CEO10% Owner
Transactions
- Purchase
Common Stock
2017-11-29$10.00/sh+22,500$225,000→ 272,500 total(indirect: By LLC) - Purchase
Right to receive common stock
2017-11-29+22,500→ 27,250 total(indirect: By LLC)→ Common Stock (2,250 underlying) - Purchase
Warrant
2017-11-29+11,250→ 136,250 total(indirect: By LLC)Exercise: $11.50→ Common Stock (11,250 underlying)
Holdings
- 1,725,000(indirect: By LLC)
Common Stock
Big Rock Partners Sponsor, LLC
10% Owner
Transactions
- Purchase
Right to receive common stock
2017-11-29+22,500→ 27,250 total(indirect: By LLC)→ Common Stock (2,250 underlying) - Purchase
Common Stock
2017-11-29$10.00/sh+22,500$225,000→ 272,500 total(indirect: By LLC) - Purchase
Warrant
2017-11-29+11,250→ 136,250 total(indirect: By LLC)Exercise: $11.50→ Common Stock (11,250 underlying)
Holdings
- 1,725,000(indirect: By LLC)
Common Stock
Footnotes (7)
- [F1]Represents securities underlying units of the issuer. Each unit consists of one share of common stock, one right to receive one-tenth of one share of common stock upon the consummation of the issuer's initial business combination and one-half of one warrant, each whole warrant entitling the holder to purchase one share of common stock.
- [F2]Represents securities purchased upon the exercise of the underwriters' over-allotment option in connection with the issuer's initial public offering.
- [F3]Mr. Ackerman is the issuer's President, Chairman and Chief Executive Officer and the managing member of Big Rock Partners Sponsor, LLC (the "Sponsor") and has the sole voting and dispositive power of the securities held by the Sponsor. Accordingly. Mr. Ackerman may be deemed to have beneficial ownership of such shares.
- [F4]Each right entitles the holder to receive one-tenth (1/10) of one share of common stock upon consummation of the issuer's initial business combination.
- [F5]If the issuer fails to consummate an initial business combination within 12 months (or up to 18 months from the closing of the issuer's initial public offering, if the issuer extends the period of time to consummate a business combination as described in its amended and restated certificate of incorporation), the issuer will be dissolved and the rights will expire worthless.
- [F6]Each whole warrant will become exercisable on the later of the completion of the issuer's initial business combination and 12 months from the closing of the issuer's initial public offering.
- [F7]Each warrant will expire on the fifth anniversary of the completion of the issuer's initial business combination, or earlier upon redemption or liquidation.
Documents
Issuer
Big Rock Partners Acquisition Corp.
CIK 0001719406
Entity typeother
Related Parties
1- filerCIK 0001724016
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 8:23 PM ET
- Size
- 13.4 KB