SEC Form 3 · accession 0001213900-18-015996
Fintech Acquisition Corp. III · FTAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James J McEntee III
Officer — President and CFO
Period of report
Nov 15, 2018
Accepted (ET)
Nov 15, 2018 · 9:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001729756
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | holding | — | — | — | 15,000 | I | By 3FIII, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF2 | — | holding | — | — | — | — | — | Class A Common Stock | 120,000 | — | I |
| Class B Common StockF3,F4,F2 | — | holding | — | — | — | — | — | Class A Common Stock | 400,000 | — | I |
| WarrantsF5,F6,F7 | $11.50 | holding | — | — | — | — | — | Class A Common Stock | 7,500 | — | I |
Explanation of responses
- F1These shares underlie 15,000 units of the issuer that 3FIII, LLC has irrevocably committed to purchase.
- F2The shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination on a one-for-one basis, subject to certain adjustments described in the issuer's charter documents and have no expiration date.
- F3These shares are held directly by FinTech Masala Advisors, LLC of which the trust is a member. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any other purpose.
- F4Includes up to 120,000 shares that are subject to forfeiture in the event the underwriters of the issuer's initial public offering do not exercise in full their over-allotment option.
- F5The warrants will become exercisable at the later of 30 days after the consummation of the issuer's initial business combination or 12 months from the completion of the issuer's initial public offering.
- F6The warrants will expire five years after the consummation of the issuer's initial business combination or earlier upon redemption of all of the issuer's outstanding common stock or the issuer's liquidation.
- F7These warrants underlie 15,000 units of the issuer that 3FIII, LLC has irrevocably committed to purchase.
Remarks
Exhibit 24 - Power of Attorney