SEC Form 4 · accession 0001615774-18-013166
Boxwood Merger Corp. · BWMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Boxwood Sponsor LLC
10% Owner
Period of report
Nov 20, 2018
Accepted (ET)
Nov 23, 2018 · 7:01 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001751143
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Nov 20, 2018 | P$0 | 250,000 | — | A | 250,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1,F2,F3 | $11.50 | Nov 20, 2018 | P | 3,750,000 | A | — | — | Class A Common Stock | 3,750,000 | 3,750,000 | D |
Explanation of responses
- F1Boxwood Sponsor LLC (the "Sponsor") acquired an aggregate of 250,000 units (each a "Private Placement Unit") at a price of $10.00 per unit, $2,500,000 in the aggregate and 3,500,000 warrants (each a "Private Placement Warrant") at a price of $1.00 per warrant, $3,500,000 in the aggregate, in a private placement that closed simultaneously with the closing of Boxwood Merger Corp.'s (the "Issuer") initial public offering. Each Private Placement Unit consists of one share of the Issuer's Class A common stock and one Private Placement Warrant.
- F2The warrants will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or November 20, 2019.
- F3The warrants expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.