SEC Form 4 · accession 0000899243-17-013944
Modern Media Acquisition Corp. · MMDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
May 17, 2017
Accepted (ET)
May 19, 2017 · 5:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001695098
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement WarrantsF3,F1,F2 | $11.50 | May 17, 2017 | P | 7,320,000 | A | — | — | Common Stock | 7,320,000 | 7,320,000 | I |
Explanation of responses
- F1The warrants will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination and May 17, 2018.
- F2The warrants will expire five years after the completion of the Issuer's initial business combination or earlier upon liquidation of the Issuer if the Issuer fails to complete the Issuer's initial business combination within 18 months from May 17, 2017 (or 21 months from May 17, 2017 if the Issuer has executed a letter of intent, agreement in principle or definitive agreement for the Issuer's initial business combination within 18 months from May 17, 2017 but has not completed such initial business combination within such 18 month period).
- F3The Private Placement Warrants are held directly by Modern Media Sponsor, LLC (the "Sponsor"). The Sponsor is 50% owned by Modern Media, LLC and, as such, Modern Media, LLC may be deemed to beneficially own the Private Placement Warrants held by the Sponsor. Mr. Dickey owns 100% of Modern Media, LLC and, as such, he may be deemed to beneficially own the Private Placement Warrants beneficially owned by Modern Media, LLC or owned by the Sponsor. Mr. Dickey disclaims such beneficial ownership except to the extent of his pecuniary interest therein.