SEC Form 4 · accession 0001006837-16-000120
INNOVATE Corp. · VATE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Falcone
Officer — CEO, Chairman and President · Director · 10% Owner
Period of report
Nov 11, 2016
Accepted (ET)
Nov 15, 2016 · 4:04 pm EST
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 | Nov 11, 2016 | P | 31,200 | $4.4065 | A | 784,827 | D | |
| Common StockF3 | holding | — | — | — | 540,000 | I | Global Opportunities Breakaway MM LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.3874 to $4.586, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote 1.
- F2The direct beneficial share ownership reported in this line item reflects a reduction of 540,000 shares that were inaccurately reported in prior Form 4s as directly beneficially owned by the Reporting Person. These shares have been owned by Global Opportunities Breakaway MM LLC ("Global MM LLC") since October 2015 when the acquisition of such shares was consummated by Global MM LLC.
- F3Reporting Person is the Managing Member of Global MM LLC and has sole voting and investment control.