SEC Form 4 · accession 0001104659-18-055394
Exela Technologies, Inc. · XELA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Clark Cogburn
Officer — Chief Executive Officer · Director
Period of report
Aug 31, 2018
Accepted (ET)
Sep 5, 2018 · 5:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001620179
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Aug 31, 2018 | A | 74,000 | A | — | — | Common Stock | 74,000 | 74,000 | D |
| Stock Option (right to buy)F3 | $5.98 | Aug 31, 2018 | A | 111,000 | A | — | Aug 31, 2028 | Common Stock | 111,000 | 111,000 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.
- F2This award will vest in full on August 31, 2019.
- F3Forty percent of the options will vest and become exercisable on August 31, 2020 and the remainder will vest and become exercisable on August 31, 2022. Mr. Cogburn owns 110 units of Ex-Sigma LLC which is the majority owner of Exela Technologies, Inc. (the "Issuer"). Mr. Cogburn does not have voting or dispositive power over any of the shares of the Issuer held by Ex-Sigma LLC, Mr. Cogburn does not have beneficial ownership under Rule 13d-3 of any shares of the Issuer. This report shall not be deemed an admission that Mr. Cogburn is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.