SEC Form 4 · accession 0000905718-16-001817
REPUBLIC AIRWAYS HOLDINGS INC · RJETQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Dec 23, 2016
Accepted (ET)
Dec 23, 2016 · 4:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001159154
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1,F6,F7 | Dec 23, 2016 | S$0 | 2,023,000 | $0.00 | D | 8,092,000 | I | See footnotes |
| Common Stock, par value $0.001 per shareF2,F6,F7 | Dec 23, 2016 | S$0 | 2,023,000 | $0.00 | D | 6,069,000 | I | See footnotes |
| Common Stock, par value $0.001 per shareF3,F6,F7 | Dec 23, 2016 | S$0 | 2,023,000 | $0.00 | D | 4,046,000 | I | See footnotes |
| Common Stock, par value $0.001 per shareF4,F6,F7 | Dec 23, 2016 | S$0 | 2,023,000 | $0.00 | D | 2,023,000 | I | See footnotes |
| Common Stock, par value $0.001 per shareF5,F6,F7 | Dec 23, 2016 | S$0 | 2,023,000 | $0.00 | D | 0 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 23, 2016, (the "Transaction Date"), the Reporting Persons entered into and consummated a private sale of 2,023,000 shares for $100 to an individual who is unaffiliated with the Reporting Persons.
- F2On the Transaction Date, the Reporting Persons entered into and consummated a private sale of 2,023,000 shares for $100 to an individual who is unaffiliated with the Reporting Persons.
- F3On the Transaction Date, the Reporting Persons entered into and consummated a private sale of 2,023,000 shares for $100 to an individual who is unaffiliated with the Reporting Persons.
- F4On the Transaction Date, the Reporting Persons entered into and consummated a private sale of 2,023,000 shares for $100 to an individual who is unaffiliated with the Reporting Persons.
- F5On the Transaction Date, the Reporting Persons entered into and consummated a private sale of 2,023,000 shares for $100 to an individual who is unaffiliated with the Reporting Persons.
- F6This Form 4 is filed by Axar Capital Management, LP (the "Investment Manager"), Axar GP LLC ("GP") and Mr. Andrew Axelrod, with respect to the shares of Common Stock held by Axar Master Fund, Ltd. The Investment Manager serves as the investment manager of Axar Master Fund, Ltd. GP is the general partner of Investment Manager. Mr. Andrew Axelrod serves as the managing member of the GP.
- F7Pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), each of the Reporting Persons may have been deemed to be the beneficial owner of the securities reported herein to the extent of his or its pecuniary interest therein, but disclaims beneficial ownership in excess of such amount; and pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that any of the Reporting Persons is or was, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.