SEC Form 4 · accession 0001551923-18-000002
Liberty Tax, Inc. · TAXA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Datatax Business Services Ltd
10% Owner
Period of report
Aug 3, 2018
Accepted (ET)
Aug 7, 2018 · 2:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001528930
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Special Voting Preferred StockF1 | Aug 3, 2018 | C | 10 | — | D | 0 | D | |
| Class A Common StockF1 | Aug 3, 2018 | C | 1,000,000 | — | A | 3,000,000 | D | |
| Class A Common Stock | Aug 3, 2018 | S | 3,000,000 | $8.54 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Exchangeable SharesF1,F2 | — | Aug 3, 2018 | C | 1,000,000 | D | — | — | Class A Common Stock | 1,000,000 | 0 | D |
Explanation of responses
- F1On August 3, 2018, the Reporting Person entered into an agreement to sell 3,000,000 shares of the Issuer's Class A Common Stock to Vintage Tributum LP in a private transaction (the "Private Sale"). In connection with the Private Sale, the Reporting Person converted 1,000,000 Exchangeable Shares of Liberty Tax Holding Corporation, a wholly-owned subsidiary of Issuer (the "Exchangeable Shares"), and 10 shares of the Issuer's Special Voting Preferred Stock (the "Special Voting Preferred Stock") into 1,000,000 shares of the Issuer's Class A Common Stock.
- F2The Exchangeable Shares and Special Voting Preferred Stock were convertible into Class A Common Stock at any time and had no expiration date.