SEC Form 4 · accession 0001006837-18-000080
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
Jun 13, 2018
Accepted (ET)
Jun 15, 2018 · 8:40 am 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 Stock | Apr 2, 2018 | G | 50,000 | $0.00 | D | 1,159,921 | D | |
| Common Stock | Apr 12, 2018 | G | 25,000 | $0.00 | D | 1,134,921 | D | |
| Common Stock | Apr 20, 2018 | G | 25,000 | $0.00 | D | 1,109,921 | D | |
| Common Stock | May 8, 2018 | G | 25,000 | $0.00 | D | 1,084,921 | D | |
| Common Stock | May 31, 2018 | G | 25,000 | $0.00 | D | 1,059,921 | D | |
| Common StockF1 | Jun 13, 2018 | A | 1,134,852 | $0.00 | A | 2,194,773 | D | |
| Common Stock | holding | — | — | — | 540,000 | I | Global Opportunities Breakaway MM LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option (Right To Buy)F2 | $5.45 | Jun 13, 2018 | A | 425,276 | A | — | Mar 16, 2028 | Common Stock | 425,276 | 425,276 | D |
Explanation of responses
- F1The restricted stock units reported will vest as follows: 374,312 of the RSUs will vest on March 15, 2019; 380,270 of the RSUs will vest on March 16, 2020; and 380,270 of the RSUs will vest on March 16, 2021 (each such date, a "Vesting Date"), provided reporting person continues as an officer of HC2 Holdings, Inc. ("HC2") on each such Vesting Date.
- F2The stock options reported will vest as follows: 140,270 option shares will vest on March 15, 2019; 142,503 option shares will vest on March 16, 2020; and 142,503 option shares will vest on March 16, 2021 (each such date, a "Vesting Date"), provided reporting person continues as an officer of HC2 on each such Vesting Date.