SEC Form 4/A · accession 0001213900-17-007354
CardConnect Corp. · CCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Amanda J Abrams
Officer — General Counsel
Period of report
Jul 6, 2017
Accepted (ET)
Jul 10, 2017 · 7:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001614818
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $13.95 | Jul 6, 2017 | D | 200,000 | D | — | Apr 17, 2027 | Common Stock | 200,000 | 0 | D |
Explanation of responses
- F1The options were issued as part of an employment inducement grant and were subject to vesting restrictions. Each such option, whether vested or unvested, was cancelled pursuant to the Agreement and Plan of Merger, dated as of May 26, 2017, by and among CardConnect Corp. (the "Company"), First Data Corporation, a Delaware corporation ("First Data"), and Minglewood Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of First Data, and converted into the right to receive a cash payment, without interest and subject to any required tax withholding, equal to the product of (a) the excess of $15.00 over the applicable exercise price per share of Company common stock, par value $0.001 (the "Shares"), underlying such option, multiplied by (b) the number of Shares underlying such option.
Remarks
Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), the Reporting Person may be deemed to be the beneficial owner of the securities reported herein only to the extent of his pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.