SEC Form 4 · accession 0001144204-15-037903
Electrum Special Acquisition Corp · ELEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dwight Anderson
Director
Period of report
Jun 16, 2015
Accepted (ET)
Jun 18, 2015 · 3:07 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 SharesF2 | Jun 16, 2015 | J | 2,176 | $0.00 | D | 348,281 | I | By Ospraie Partners LLC |
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,F4 | $5.75 | Jun 16, 2015 | P | 1,000,000 | A | — | — | Ordinary Shares | 500,000 | 1,000,000 | I |
Explanation of responses
- F1Ospraie Partners LLC forfeited 2,176 shares 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 reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the securities for purposes of Section 16 or for any other purpose.
- F3The warrants will become exercisable beginning on the later of 30 days after the completion of an initial business combination or June 10, 2016.
- F4The warrants will expire five years after the completion of an initial business combination, or earlier upon redemption.