SEC Form 4 · accession 0001094891-16-000393

Cambridge Capital Acquisition Corp · CAMB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Dec 23, 2015

Accepted (ET)

Jan 19, 2016 · 11:51 am EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001588869

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Dec 23, 2015	S$0	20,644	$0.00	D	83,702	D
Common Stock^F2	Dec 23, 2015	D	83,702	—	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants^F3	$11.50	Dec 23, 2015	D	44,346	D	Dec 23, 2015	Dec 23, 2018	Common Stock	44,346	0	D

F1These securities were transferred to third parties as consideration for such third parties purchasing shares of common stock of the issuer and agreeing not to seek conversion of such shares in connection with the issuer's business combination with Ability Computer & Software Industries Ltd.
F2On September 6, 2015, Cambridge Capital Acquisition Corporation (the "Issuer"), Cambridge Holdco Corp. ("Holdco"), Ability Computer & Software Industries Ltd. ("Ability") and the shareholders of Ability entered into an Agreement and Plan of Reorganization (the "Merger Agreement"), pursuant to which, and subject to the terms and conditions thereof, on December 23, 2015 (the "Closing Date") the Issuer merged with and into Holdco, with Holdco surviving the merger. On the Closing Date, pursuant to the Merger Agreement, and subject to the terms and conditions thereof, at the effective time of the merger, Mr. Laurans disposed of 83,702 shares of common stock of the Issuer in exchange for the same number of shares in Holdco.
F3On the Closing Date, pursuant to the Merger Agreement, and subject to the terms and conditions thereof, at the effective time of the merger, the Warrants were assumed by Holdco in the Merger.