SEC Form 4 · accession 0001701050-17-000002
CardConnect Corp. · CCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Julian Mertz
Officer — Chief Sales Officer
Period of report
Apr 3, 2017
Accepted (ET)
Apr 5, 2017 · 4:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001614818
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 3, 2017 | A | 1,982,932 | $0.00 | A | 1,984,932 | D |
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)F2 | $13.10 | Apr 3, 2017 | A | 400,000 | A | — | Apr 3, 2027 | Common Stock | 400,000 | 400,000 | D |
Explanation of responses
- F1These shares were issued in connection with CardConnect Corp.'s acquisition of MertzCo, Inc., an Illinois corporation, on April 3, 2017.
- F2This non-qualified stock option inducement award to purchase up to 400,000 shares of common stock was granted in connection with the acquisition of MertzCo, Inc. on April 3, 2017. Options to purchase common stock begin vesting at 25% on the first anniversary of the grant date and an additional 25% on an annual basis thereafter.