SEC Form 4 · accession 0001062993-16-010320
Garnero Group Acquisition Co · GGAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Polar Asset Management Partners Inc.
10% Owner
Period of report
Jun 23, 2016
Accepted (ET)
Jun 27, 2016 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001603969
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 23, 2016 | J | 2,273,841 | $10.05 | D | 0 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, (the "Reporting Person") serves as investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") and certain accounts managed by the Reporting Person (the "Managed Accounts") and has sole voting and investment discretion with respect to the securities reported herein which are held by PMSMF and the Managed Accounts. The Reporting Person disclaims beneficial ownership of the securities reported herein, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.
- F2At the extraordinary general meeting of shareholders of Issuer held on June 23, 2016, shareholders approved an extension of time for the Issuer to complete an initial business transaction (the "Extension"). In the connection with the Extension, the Reporting Person elected its right to convert all of its common shares into a pro rata portion of the funds held in the trust account established at the time of Issuer's initial public offering, such conversion of shares to be accomplished by means of a repurchase under Cayman Islands law.