SEC Form 4 · accession 0001209191-17-021871
Saban Capital Acquisition Corp. · SCAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Haim Saban
Director · 10% Owner · Other
SCG Investment Holdings, Inc.
10% Owner
Saban Capital Group, Inc.
10% Owner
HSAC Investments LP
10% Owner
Cheryl Saban
10% Owner
Alpha Family Trust
10% Owner
Saban Sponsor LLC
10% Owner
Period of report
Mar 16, 2017
Accepted (ET)
Mar 20, 2017 · 8:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001671854
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class F ordinary sharesF1,F2 | — | Mar 16, 2017 | S | 7,500 | D | — | — | Class A ordinary shares | 7,500 | 6,037,070 | D |
Explanation of responses
- F1The Class F ordinary shares are convertible for the Class A ordinary shares of Saban Capital Acquisition Corp. (the "Issuer") as described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-213259) and have no expiration date.
- F2The Class F ordinary shares are held directly by Saban Sponsor LLC (the "Sponsor"). Haim Saban and his spouse, Cheryl Saban, share voting and dispositive power over the founder shares held by the Sponsor as a result of being the co-trustees of Alpha Family Trust (the "Trust"), which is the sole shareholder of SCG Investment Holdings, Inc. ("SCG Investments"), the sole shareholder of Saban Capital Group, Inc. ("SCG"), the general partner of HSAC Investments LP ("HSAC"), which controls the Sponsor. Each of Haim Saban, Cheryl Saban, the Trust, SCG Investments, SCG and HSAC disclaims beneficial ownership of the Class F ordinary shares except to the extent of his, her or its pecuniary interest therein.