4//SEC Filing
Glockner Timothy 4
Accession 0001847069-22-000004
CIK 0001830033other
Filed
Mar 21, 8:00 PM ET
Accepted
Mar 22, 8:08 AM ET
Size
10.7 KB
Accession
0001847069-22-000004
Insider Transaction Report
Form 4
Glockner Timothy
Director
Transactions
- Purchase
Common Stock
2022-03-17$7.00/sh+1,428,570$9,999,990→ 1,428,570 total(indirect: By The Glockner Chevrolet Company) - Purchase
Warrants (Right to Buy)
2022-03-17+714,285→ 714,285 total(indirect: By The Glockner Chevrolet Company)Exercise: $11.50From: 2022-09-17→ Common Stock (714,285 underlying)
Holdings
- 6,317
Common Stock
- 5,581,933(indirect: See Footnote)
Common Stock
- 845,614(indirect: See FN)
Common Stock
Footnotes (5)
- [F1]These shares were purchased by the Reporting Person a part of a $250 million Private Investment in a Public Equity (PIPE) transaction consummated on March 17, 2022.
- [F2]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F3]By self as co-trustee for the benefit of my children with respect to 845,614 shares in the Barbara G. Glockner Trust fbo Timothy E. Glockner. I am a contingent remainderman with respect to this trust, but disclaim beneficial ownership of the securities held within this trust. This report shall not be deemed an admission that I am the beneficial owner of the securities held within these trusts for purposes of Section 16 or for any other purpose.
- [F4]By self as trustee for my benefit under the Timothy E. Glockner Revocable Trust.
- [F5]The securities reported in this Form 4 were acquired in the PIPE Offering in a combination of one share of the Company's common stock, par value $0.001 per share ("Common Stock"), and an accompanying one-half of one warrant to purchase one share of Common Stock (the "Warrants"), at a combined price of $7.00. The Warrants will expire on the earlier of (i) March 17, 2026 and (ii) the date fixed for redemption of the Warrants.
Documents
Issuer
PureCycle Technologies, Inc.
CIK 0001830033
Entity typeother
Related Parties
1- filerCIK 0001847069
Filing Metadata
- Form type
- 4
- Filed
- Mar 21, 8:00 PM ET
- Accepted
- Mar 22, 8:08 AM ET
- Size
- 10.7 KB