SEC Form 4 · accession 0001140361-16-061421
INNOVATE Corp. · VATE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Falcone
Officer — CEO, Chairman & President · Director · 10% Owner
Period of report
Apr 14, 2016
Accepted (ET)
Apr 18, 2016 · 5:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001006837
Table I — non-derivative securities
No Table I lines on this filing.
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)F1,F2 | $7.50 | Apr 14, 2016 | A | 500,000 | A | — | Apr 14, 2026 | Common Stock | 500,000 | 500,000 | D |
| Stock Option (Right to Buy)F1,F2 | $10.50 | Apr 14, 2016 | A | 500,000 | A | — | Apr 14, 2026 | Common Stock | 500,000 | 500,000 | D |
| Stock Option (Right to Buy)F1,F2 | $13.50 | Apr 14, 2016 | A | 500,000 | A | — | Apr 14, 2026 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1Reflects shares underlying an option (the "Option") to purchase an aggregate of 1,500,000 shares of the common stock of HC2 Holdings, Inc. (the "Company") issued pursuant to the Company's 2014 Omnibus Equity Award Plan at per share exercise prices as follows: (a) $7.50 with respect to an option to acquire 500,000 shares; (b) $10.50 with respect to an option to acquire 500,000 shares; and (c) $13.50 with respect to an option to acquire 500,000 shares.
- F2The Option vests in three equal installments on each of the first three anniversaries following the grant date (with each tranche vesting one-third on each such date).