Filing Details

Accession Number:
0001579252-14-000017
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-11-24 17:56:38
Reporting Period:
2014-11-24
Filing Date:
2014-11-24
Accepted Time:
2014-11-24 17:56:38
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1579252 Jason Industries Inc. JASN Miscellaneous Manufacturing Industries (3990) 462888322
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1611803 Florestan Boxberg Von 411 East Wisconsin Ave.
Suite 2100
Milwaukee WI 53202
President, Finishing Segment No Yes No 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 2014-11-24 6,135 $7.90 6,135 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 52,102 52,102 Direct
Common Stock Restricted Stock Units $0.00 60,785 60,785 Direct
Common Stock JPHI Holdings, Inc. common stock $0.00 29,225 29,225 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
52,102 52,102 Direct
60,785 60,785 Direct
29,225 29,225 Direct
Footnotes
  1. The time-vesting restricted stock units vest in equal one-third (1/3) installments on each of the first three (3) anniversaries following June 30, 2014, provided that Dr. von Boxberg has not been been terminated prior to the applicable vesting date.
  2. Provided that Dr. von Boxberg has not been terminated prior to the applicable vesting date, the stock-price vesting restricted stock units vest in the following amounts if on any date between June 30, 2014 and the third anniversary of that date the fair market value of Jason Industries, Inc.'s common stock: (i) equals or exceeds $12.00 in any twenty (20) trading days within a thirty (30) day period, then 15,196.25 of the stock price-vesting restricted stock units shall vest; (ii) equals or exceeds $13.50 in any twenty (20) trading days within a thirty (30) day period, then an additional 15,196.25 of the stock price-vesting restricted stock units shall vest (a total of 30,392.5 of the stock price-vesting restricted stock units);
  3. (Continued from footnote 2) (iii) equals or exceeds $15.00 in any twenty (20) trading days within a thirty (30) trading day period, then an additional 15,196.25 of the stock price-vesting restricted stock units shall vest (a total of 45,588.75 of the stock price-vesting restricted stock units); and (iv) equals or exceeds $17.00 in any twenty (20) trading days within a thirty (30) trading day period, then an additional 15,196.25 of the stock price-vesting restricted stock units shall vest (a total of 60,785 of the stock price-vesting restricted stock units). Any portion of the stock price-vesting restricted stock units that have not become fully vested on the date immediately following the third anniversary of June 30, 2014 shall be cancelled and forfeited for no consideration.
  4. Exchangeable on a one-share to one-share ratio (1:1) for common stock of Jason Industries, Inc., such ratio to be adjusted upon certain events, including stock splits, dividends and other changes to or payments on Jason Industries, Inc. common stock, pursuant to the terms of that certain Investor Rights Agreement, dated as of June 30, 2014, by and among each of Quinpario Acquisition Corp., JPHI Holdings, Inc. and each of the Holders signatory thereto.