Filing Details

Accession Number:
0000914760-15-000025
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-02-10 17:33:41
Reporting Period:
2015-02-06
Filing Date:
2015-02-10
Accepted Time:
2015-02-10 17:33:41
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1606163 1347 Capital Corp TFSC Blank Checks (6770) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1529638 Hassan Baqar C/o 1347 Capital Corp
150 Pierce Road, 6Th Floor
Itasca IL 60143
Cfo & Secretary Yes 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 2015-02-06 10,000 $0.02 10,000 No 4 P Direct
Common Stock Disposition 2015-02-06 100,000 $0.02 1,248,000 No 4 S Indirect By: 1347 Investors LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 S Indirect By: 1347 Investors LLC
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Private Rights $11.50 19,800 198,000 Indirect
Common Stock Private Warrants $11.50 99,000 198,000 Indirect
Common Stock $15 Exercise Price Sponsor Warrants $15.00 600,000 600,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
19,800 198,000 Indirect
99,000 198,000 Indirect
600,000 600,000 Indirect
Footnotes
  1. The reporting person is a manager of 1347 Capital LLC, which is the manager of 1347 Investors LLC, a Delaware limited liability company and the Issuer's sponsor.
  2. The reported securities represent the right to receive one-tenth (1/10) of a share of the Issuer's common stock automatically on the consummation of an initial business combination by the Issuer.
  3. The Issuer has until 18 months from the closing of its initial public offering (or 24 months from the closing of its initial public offering if the Issuer has executed a letter of intent or definitive agreement for an initial business combination within 18 months from the closing of the Issuer's initial public offering but has not completed the initial business combination within such 18-month period) to consummate its initial business combination. In the event that the Issuer is unable to consummate its initial business combination within such time period, the reported securities will expire and will be worthless.
  4. The reported securities will become exercisable on the later of (i) 30 days after the completion of the Issuer's initial business combination, and (ii) 12 months from the closing of the Issuer's initial public offering, provided in each case that the Issuer has an effective registration statement under the Securities Act of 1933, as amended, covering the shares of common stock issuable upon exercise of the reported securities and a current prospectus relating to them is available (or the Issuer permits holders to exercise the reported securities on a cashless basis under the circumstances specified in the warrant agreement between the Issuer and Continental Stock Transfer & Trust Company).
  5. The reported securities expire five years after the date on which they first became exercisable, at 5:00 p.m., New York time, or earlier upon redemption or liquidation.
  6. The reported securities will become exercisable on the later of (i) 30 days after the completion of the Issuer's initial business combination, and (ii) 12 months from the closing of the Issuer's initial public offering, provided in each case that the Issuer has an effective registration statement under the Securities Act of 1933, as amended, covering the shares of common stock issuable upon exercise of the reported securities and a current prospectus relating to them is available.
  7. The reported securities expire seven years after the date on which they first became exercisable, at 5:00 p.m., New York time, or earlier upon redemption or liquidation.