SEC Form 4 · accession 0001006837-18-000117
INNOVATE Corp. · VATE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Philip Falcone
Officer — CEO, Chairman and President · Director · 10% Owner
Period of report
Sep 11, 2018
Accepted (ET)
Sep 13, 2018 · 8:21 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 Stock | Jul 20, 2018 | G | 50,000 | $0.00 | D | 2,144,773 | D | |
| Common Stock | Sep 5, 2018 | G | 25,000 | $0.00 | D | 2,119,773 | D | |
| Common Stock | Sep 11, 2018 | M | 150,000 | $4.05 | A | 2,269,773 | D | |
| Common Stock | Sep 11, 2018 | M | 21,795 | $4.02 | A | 2,291,568 | D | |
| Common Stock | Sep 11, 2018 | F | 136,293 | $6.08 | D | 2,155,275 | 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,F3 | $4.05 | Sep 11, 2018 | M | 150,000 | D | — | Oct 28, 2024 | Common Stock | 150,000 | 84,608 | D |
| Stock option (Right To Buy)F2,F3 | $4.02 | Sep 11, 2018 | M | 21,795 | D | — | Oct 28, 2024 | Common Stock | 21,795 | 28,452 | D |
Explanation of responses
- F1Shares net settled by Issuer to satisfy the exercise price of options and taxes payable in connection with the exercise of previously awarded options.
- F2The Option vested and became exercisable in three equal annual installments beginning on October 28, 2014.
- F3The Expiration Date of this Option is being amended on this Form 4 to correct an error in the Original Form 4 filed on October 30, 2014.