SEC Form 4 · accession 0001213900-17-010091
Draper Oakwood Technology Acquisition Inc. · DOTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Draper Oakwood Investments LLC
10% Owner
Aamer Sarfraz
Officer — CEO and CFO · Director · 10% Owner
Roderick William Perry
10% Owner
Period of report
Sep 27, 2017
Accepted (ET)
Sep 28, 2017 · 4:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001705771
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2,F3,F4 | Sep 27, 2017 | P | 18,000 | $10.00 | A | 218,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares are underlying units (each unit consisting of one share of Class A common stock, one right entitling the holder thereof to receive one-tenth (1/10) of one share of Class A Common Stock upon the consummation of an initial business combination and one-half of one warrant, each whole warrant exercisable to purchase one share of Class A common stock) held by Draper Oakwood Investments LLC (the "Sponsor"), acquired pursuant to an unit subscription agreement by and between the Sponsor and the issuer.
- F2Such units were purchased upon the exercise of the underwriters' over-allotment option in connection with the issuer's initial public offering. Does not include 1,437,500 shares of Class F common stock previously reported on a Form 3, which shares will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights.
- F3Each of the issuer's officers and directors is a member of the Sponsor. Roderick Perry, the issuer's Executive Chairman of the Board, and Aamer Sarfraz, the issuer's Chief Executive Officer, Chief Financial Officer and Director, are the managing members of the Sponsor and jointly have the voting and dispositive power of the securities held by the Sponsor. Accordingly, Messrs. Perry and Sarfraz may be deemed to have or share beneficial ownership of such shares.
- F4Messrs. Perry and Sarfraz disclaim beneficial ownership over any securities owned by the Sponsor in which they do not have any pecuniary interest.