Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Filing Details

Accession Number:
0001209191-10-057689
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-12-01 21:54:54
Reporting Period:
2010-11-29
Filing Date:
2010-12-01
Accepted Time:
2010-12-01 21:54:54
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
1078687 J Patrick Landers 265 Franklin St.
20Th Floor
Boston MA 02110
President 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 2010-11-29 561,400 $0.00 1,078,181 No 4 P Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnote
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 2010-11-29 561,400 $0.00 561,400 $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
561,400 No 4 P Indirect
1,814,733 No 4 P Indirect
Footnotes
  1. The reported securities are included within 561,400 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. LLM Capital Partners LLC is the manager and LLM Advisors L.P. is the general partner of LLM Investors L.P. and LLM Strategic Equity Fund L.P. (the "Funds"). LLM Advisors LLC is the general partner of LLM Advisors L.P. LLM Capital Partners LLC is the managing member of LLM Advisors LLC. LM Capital LLC is the managing member of LLM Capital Partners LLC. Patrick J. Landers and Frederick S. Moseley, IV are the members of LM Capital LLC. Mr. Landers also has a limited partnership interest in LLM Investors L.P. Mr. Landers disclaims beneficial ownership of all shares held by the Funds in which he does not have a pecuniary interest.
  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.