SEC Form 4 · accession 0000899243-18-016970
Far Point Acquisition Corp · FPAC.U
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Third Point LLC
10% Owner
Daniel S Loeb
10% Owner
Far Point LLC
10% Owner
Cloudbreak Aggregator LP
10% Owner
Period of report
Jun 14, 2018
Accepted (ET)
Jun 18, 2018 · 4:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001735858
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2,F4 | Jun 14, 2018 | J | 4,000,000 | $10.00 | A | 4,000,000 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents Class A Common Stock underlying the 4,000,000 Units purchased in connection with the issuer's initial public offering. Each Unit consists of one share of Class A Common Stock and one-third of one warrant, each whole warrant entitling the holder to purchase one share of Class A Common Stock at $11.50 per share. The Units are held on behalf of investment funds managed or advised by Third Point LLC ("Third Point"). Does not include 15,692,500 shares of Class B 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.
- F2(continued from footnote 1) The warrants will become exercisable on the later of 30 days after the completion of the issuer's initial business combination or 12 months from the closing of the initial public offering. The warrants will expire five years after the completion of the issuer's initial business combination or earlier upon redemption or liquidation.
- F3Purchased in connection with the issuer's initial public offering.
- F4The securities disclosed in this Form 4 are held on behalf of certain funds (the "Funds") managed or advised by Third Point. Daniel S. Loeb is the Chief Executive Officer of Third Point. By reason of the provisions of Rule 16a-1 under the Securities Exchange Act of 1934, as amended, Third Point and Mr. Loeb may be deemed to be the beneficial owners of the securities held on behalf of the Funds. Third Point and Mr. Loeb hereby disclaim beneficial ownership of all securities, except to the extent of any indirect pecuniary interest therein. Far Point LLC and its managing member, Cloudbreak Aggregator LP, do not have any voting or dispositive power over the securities disclosed in this Form 4 and disclaim beneficial ownership of such securities.