SEC Form 4 · accession 0000908662-17-000190

SEVCON, INC. · SEV

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director · 10% Owner

Period of report

Sep 27, 2017

Accepted (ET)

Sep 29, 2017 · 12:37 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	D/I	Nature of ownership
Common Stock^F1	Sep 27, 2017	D	19,991	$22.00	D	D
Common Stock^F1,F2	Sep 27, 2017	D	148,271	$22.00	D	I	By Meson Capital L.P.
Common Stock^F1,F2	Sep 27, 2017	D	614,000	$22.00	D	I	By Meson Constructive Capital LP

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Series A Convertible Preferred Stock^F1,F3	$8.00	Sep 27, 2017	D	338	D	Sep 8, 2014	—	Common Stock	1,014	D
Series A Convertible Preferred Stock^F1,F2,F3	$8.00	Sep 27, 2017	D	7,699	D	Sep 8, 2014	—	Common Stock	23,097	I
Warrant^F4,F2	$10.00	Sep 27, 2017	D	27,500	D	Jul 6, 2016	Jul 8, 2021	Common Stock	27,500	I
Warrant^F4,F2	$10.00	Sep 27, 2017	D	307,000	D	Jul 6, 2016	Jul 8, 2021	Common Stock	307,000	I

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.