SEC Form 4 · accession 0000921895-17-000862
Del Taco Restaurants, Inc. · TACO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Mar 24, 2017
Accepted (ET)
Mar 28, 2017 · 5:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001585583
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | holding | — | — | — | 85,092 | I | By PW Acquisitions LP | |
| Common StockF1 | holding | — | — | — | 5,308 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (Right to Buy)F1,F2,F3 | $11.50 | Mar 24, 2017 | D | 400,000 | D | — | — | Common Stock | 400,000 | 36,000 | I |
Explanation of responses
- F1This Form 4 is filed jointly by PW Acquisitions LP ("PW Acquisitions"), PW Partners Atlas Funds, LLC ("Acquisitions GP"), PW Partners Capital Management LLC ("PW Capital Management") and Patrick Walsh (collectively, the "Reporting Persons"). Mr. Walsh is a director of the Issuer. Each of the other Reporting Persons may be deemed to be a director by deputization by virtue of the fact that Mr. Walsh, the Managing Member and Chief Executive Officer of Acquisitions GP and the Managing Member of PW Capital Management, is a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
- F2Represents securities owned directly by PW Acquisitions. As the General Partner of PW Acquisitions, Acquisitions GP may be deemed to beneficially own the securities owned directly by PW Acquisitions. As the Investment Manager of PW Acquisitions, PW Capital Management may be deemed to beneficially own the securities owned directly by PW Acquisitions. As the Managing Member of PW Capital Management and the Managing Member and Chief Executive Officer of Acquisitions GP, Mr. Walsh may be deemed to beneficially own the securities owned directly by PW Acquisitions.
- F3The warrants became exercisable on July 30, 2015 and will expire on June 30, 2020 or earlier upon certain events.
- F4Represents a disposition of warrants to the Issuer approved in advance by the Board of Directors of the Issuer. Such transaction is exempt under Rule 16b-3.