SEC Form 4 · accession 0000950142-15-001539
INNOVATE Corp. · VATE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
HRG GROUP, INC.
10% Owner
Period of report
Jun 25, 2015
Accepted (ET)
Jun 29, 2015 · 8:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001006837
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 25, 2015 | S | 127,524 | $9.50 | D | 5,630,836 | I | See Footnotes |
| Common StockF1,F3 | Jun 26, 2015 | S | 934,541 | $9.05 | D | 4,696,295 | I | See Footnotes |
| Common StockF1,F4 | Jun 29, 2015 | S | 17,900 | $9.11 | D | 4,678,395 | I | See Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares of the Issuer reported herein are held in the name of a wholly owned subsidiary of HRG Group, Inc. ("HRG") by the name of HGI Funding, LLC, and may be held by one or more wholly owned subsidiaries of HRG in the future from time to time (collectively, such subsidiaries of HRG, "HRG Holdings"). HRG does not own directly any securities of the Issuer. However, as a result of HRG's ownership of all of HRG Holdings' equity, HRG may be deemed to beneficially own securities of the Issuer directly owned by HRG Holdings.
- F2The price shown in Column 4 is the weighted average sale price of these Shares on the transaction date. The price range for the sales is $9.61 to $9.45 per Share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of Shares sold at each separate price.
- F3The price shown in Column 4 is the weighted average sale price of these Shares on the transaction date. The price range for the sales is $9.45 to $9.00 per Share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of Shares sold at each separate price.
- F4The price shown in Column 4 is the weighted average sale price of these Shares on the transaction date. The price range for the sales is $9.13 to $9.09 per Share. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of Shares sold at each separate price.