SEC Form 4 · accession 0000899243-17-027660
LAPOLLA INDUSTRIES INC · LPAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Nov 30, 2017
Accepted (ET)
Nov 30, 2017 · 3:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000875296
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, PV $.01F1,F2 | Nov 30, 2017 | U | 16,473,960 | $1.03 | D | 0 | I | By JARE Investment LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective November 30, 2017, pursuant to that certain Agreement and Plan of Merger, dated October 4, 2017, by and among Icynene U.S. Holding Corp. ("Parent"), Blaze Merger Sub Inc., a wholly owned subsidiary of Parent ("Merger Sub"), and Lapolla Industries, Inc. (the "Issuer"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and as a wholly owned subsidiary of Parent (the "Merger"). As consideration for the Merger, each share of Issuer common stock was cancelled and extinguished and converted into the right to receive $1.03 in cash.
- F2Mr. Spadaccini is the managing member of JARE Investment LLC and may be deemed to beneficially own the securities held by JARE Investment LLC. Mr. Spadaccini disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein. Mr. Spadaccini states that neither the filing of this statement nor anything herein shall be deemed an admission that Mr. Spadaccini is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these securities.