SEC Form 4 · accession 0001144204-15-037897
Electrum Special Acquisition Corp · ELEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
ESAC HOLDINGS LLC
10% Owner
Period of report
Jun 16, 2015
Accepted (ET)
Jun 18, 2015 · 3:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001639669
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Jun 16, 2015 | J | 28,406 | $0.00 | D | 4,545,055 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement WarrantsF2,F3 | $5.75 | Jun 16, 2015 | P | 13,050,000 | A | — | — | Ordinary Shares | 6,525,000 | 13,050,000 | D |
Explanation of responses
- F128,406 shares were forfeited to the Issuer at no cost in connection with the partial exercise by the underwriters of their over-allotment option, as described in the Issuer's Registration Statements on Form S-1 (File No. 333-203599) and (333-204866).
- F2The warrants will become exercisable beginning on the later of 30 days after the completion of an initial business combination or June 10, 2016.
- F3The warrants will expire five years after the completion of an initial business combination, or earlier upon redemption.