Filing Details

Accession Number:
0001209191-10-057688
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-12-01 21:53:31
Reporting Period:
2010-11-29
Filing Date:
2010-12-01
Accepted Time:
2010-12-01 21:53:31
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1499482 L&L Acquisition Corp. LLAQ Blank Checks (6770) 273109518
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1419964 John Shermyen 265 Franklin St.
20Th Floor
Boston MA 02110
Chairman & Ceo Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2010-11-29 25,000 $0.00 541,781 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Common Stock Warrants (right to buy) Acquisiton 2010-11-29 25,000 $0.00 25,000 $11.50
Common Stock Sponsor Warrants Acquisiton 2010-11-29 1,253,333 $0.75 1,253,333 $11.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
25,000 No 4 P Direct
1,253,333 No 4 P Direct
Footnotes
  1. The reported securities are included within 25,000 units purchased by the reporting person for $10.00 per unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.
  2. 67,406 of these shares are subject to forfeiture to the extent the underwriters' over allotment option, as described in the Issuer's registration statement on Form S-1 (File No.333-168949), is not exercised in full. In addition, 287,101 of the shares (or up to 249,653 if the underwriters' over-allotment option is not exercised in full) are subject to forfeiture on the five-year anniversary of the closing of the Issuer's initial business combination unless prior to such time the last sales price of the Issuer's common stock equals or exceeds $18.00 per share for any 20 trading days within any 30-trading day period or if the Issuer consummates a subsequent liquidation, merger, stock exchange or other similar transaction that results in all of its stockholders having the right to exchange their common stock of the Issuer for cash, securities or other property in an amount which equals or exceeds $18.00 per share.
  3. Mr. Shermyen is a limited partner of LLM Structured Equity Fund L.P. and as such may also have an indirect pecuniary interest in the shares of the issuer held by LLM Structured Equity Fund LP. to the extent of such limited partnership interest. Mr. Shermyen disclaims any beneficial ownership of shares held by LLM Structured Equity Fund LP.
  4. The Sponsor Warrants are identical to the warrants included in the units that were sold by the Issuer in its initial public offering (the "Unit Warrants"), except for those differences set forth in the Issuer's registration statement on Form S-1 (File No. 333-168949). In addition, the Sponsor Warrants and Unit Warrants generally are not transferable, assignable or salable until 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 18 months from the closing of the Issuer's initial public offering.