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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Private Placement Warrants | $ 5.75 | 07/29/2013 | A | 14,250,000 | (4) | (4) | Common Stock, par value $0.0001 per share | 7,125,000 | $ 0.5 | 14,250,000 | I | See Footnote (2) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SAGANSKY JEFFREY 1450 2ND STREET SUITE 247 SANTA MONICA, CA 90401 |
X | X | President |
/s/ Laura Rosenblum, Attorney-in-Fact | 08/01/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 475,000 shares were forfeited to the Issuer at no cost in connection with the partial exercise by the underwriters' of their over-allotment option, as described in the Issuer's registration statement on Form S-1 (File No.333-189498) (the "Registration Statement"). In addition, 20% of the shares held by Mr. Sagansky are subject to forfeiture on the fifth anniversary of the completion of the Issuer's initial business combination unless following the Issuer's initial business combination the last sales price of the Issuer's common stock equals or exceeds certain specified amounts, as described in the Registration Statement. |
(2) | Held by Global Eagle Acquisition LLC. The reporting person disclaims beneficial ownership of these shares except to the extent of his actual pecuniary interest therein. |
(3) | Amount beneficially owned includes 13,300 shares received as a result of a stock dividend by the Issuer of 0.2 shares for each outstanding share of common stock of the Issuer. |
(4) | The Private Placement Warrants were issued prior to the Issuer's initial public offering and are identical to the warrants included in the units that were sold by the Issuer in its initial public offering (the "Offering"), except for those differences described in the Issuer's registration statement on Form S-1 (File No.333-189498). The Private Placement Warrants are exercisable beginning on the later of one year from the closing of the Offering or 30 days after the completion of the Issuer's initial business combination and will expire worthless if the Issuer does not complete an initial business combination within 21 months from the closing of the Offering, or 24 months from the closing of the Offering if the Issuer has executed a letter of intent, agreement in principle or definitive agreement for an initial business combination within 21 months from the closing of the Offering. |
(5) | 2,671,875 shares were forfeited to the Company because the size of the initial public Offering was reduced. |
Remarks: This amendment to the Form 4 filed with the Securities and Exchange Commission on July 31, 2013 is being filed to correct the number of shares beneficially owned as of July 30, 2013. |