SEC Form 4 · accession 0001181431-15-003691
Elah Holdings, Inc. · ELLH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig T Bouchard
Officer — CEO · Director
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 8:19 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000038984
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 27, 2015 | A | 48,146 | $0.00 | A | 87,323 | D | |
| Common StockF3 | Feb 27, 2015 | X | 46,132 | $5.64 | A | 178,219 | I | By Bouchard 10S LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription Rights (right to buy) | $5.64 | Feb 27, 2015 | X | 82,083 | D | Jan 28, 2015 | Feb 20, 2015 | Common Stock | 46,132 | 0 | I |
Explanation of responses
- F1Shares were granted and issued effective February 27, 2015 ("Grant Date") pursuant to the Amended and Restated Signature Group Holdings, Inc. 2006 Performance Incentive Plan as a discretionary bonus approved by the Board of Directors on February 25, 2015. The number of shares granted represents an amount of $337,500 divided by $7.01, the last sale price of the common stock on the Grant Date.
- F2Includes 48,146 shares of restricted stock which will vest in three installments on the next three anniversary dates of the grant date, ending on February 27, 2018.
- F3Bouchard 10S LLC and Mr. Bouchard may be deemed the beneficial owners of the shares of common stock owned by Bouchard 10S LLC, and over which Bouchard 10S LLC has voting and dispositive power, as Mr. Bouchard is the Managing Member of Bouchard 10S LLC.
Remarks
As previously reported by the Issuer, each subscription right issued in its rights offering entitled the holder to purchase 0.562 shares of its common stock at an exercise price of $5.64 per share. The issuance of shares in the rights offering was contingent on the Issuer closing its acquisition of the global recycling and specification alloys (GRSA) business from Aleris Corporation, which occurred on February 27, 2015.