SEC Form 4 · accession 0001615774-17-005109
SIMPLICITY ESPORTS & GAMING Co · WINR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
F Jacob Cherian
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Sep 13, 2017
Accepted (ET)
Sep 15, 2017 · 12:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001708410
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 13, 2017 | J | 137,500 | $0.00 | D | 1,554,500 | I | See Footnote |
| Common StockF2,F1 | Sep 13, 2017 | P | 7,000 | $10.00 | A | 1,561,500 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As contemplated in connection with the initial public offering of the issuer, 137,500 shares of common stock of the issuer were returned by I-AM Capital Partners LLC (the "Sponsor") to the issuer for no consideration and cancelled because the underwriters' over-allotment option was not exercised in full. Mr. Cherian is a managing member of the Sponsor. Consequently, he may be deemed the beneficial owner of the shares of common stock held by the Sponsor and shares voting and dispositive control over such securities, and thus shares beneficial ownership of such securities. Mr. Cherian disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have a pecuniary interest.
- F2These shares are underlying units (each unit consisting of one share of common stock, one right entitling the holder thereof to receive one-tenth (1/10) of one share of common stock upon the consummation of an initial business combination and one warrant to purchase one share of common stock) held by the Sponsor, pursuant to an amended and restated unit purchase agreement by and between Sponsor and the issuer.