SEC Form 4 · accession 0001104659-17-045127
Exela Technologies, Inc. · XELA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shlomo Yanai
Director
Period of report
Jul 12, 2017
Accepted (ET)
Jul 14, 2017 · 9:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001620179
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 12, 2017 | D | 29,500 | — | D | 20,500 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1To facilitate a business combination involving the Issuer, SourceHOV Holdings, Inc. and Novitex Holdings Inc., which closed July 12, 2017 (the "Business Combination"), Mr. Yanai forfeited to the Issuer 29,500 shares of common stock. No consideration was received by Mr. Yanai for the disposition. Also in connection with the Business Combination, Mr. Yanai resigned his position as a director of the company effective the closing date, and as such, Mr. Yanai is no longer subject to the reporting obligations under Section 16 with respect to the Issuer.
- F2Mr. Yanai disclaims beneficial ownership in shares held by Quinpario Partners 2, LLC, except to the extent of his pecuniary interest therein.