SEC Form 4 · accession 0000908662-17-000188
SEVCON, INC. · SEV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter Milton Schenker
Director
Period of report
Sep 27, 2017
Accepted (ET)
Sep 29, 2017 · 12:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000825411
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 27, 2017 | D | 19,779 | $22.00 | D | 0 | D | |
| Common StockF1,F2 | Sep 27, 2017 | D | 15,000 | $22.00 | D | 0 | I | By MAZ Partners LP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Convertible Preferred StockF1,F3 | $8.00 | Sep 27, 2017 | D | 538 | D | Sep 8, 2014 | — | Common Stock | 1,614 | 0 | D |
| WarrantF4,F2 | $10.00 | Sep 27, 2017 | D | 7,500 | D | Jul 6, 2016 | Jul 8, 2021 | Common Stock | 7,500 | 0 | I |
Explanation of responses
- F1Disposed of pursuant to merger agreement by and among Issuer, BorgWarner Inc. and Slade Merger Sub Inc. for a cash payment of the per share price noted.
- F2The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.
- F3The Series A Convertible Preferred Stock had no expiration date.
- F4This warrant was repurchased by the Issuer in connection with the closing under the merger agreement for a per share price equal to the spread between $22.00 and the exercise price.