Filing Details

Accession Number:
0000902664-15-004523
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-12-15 18:37:21
Reporting Period:
2015-12-14
Filing Date:
2015-12-15
Accepted Time:
2015-12-15 18:37:21
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1014111 Imation Corp IMN Magnetic & Optical Recording Media (3695) 411838504
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1134119 Clinton Group Inc 510 Madison Ave
8Th Fl
New York NY 10022
Yes No No Yes
1566939 E. George Hall C/O Clinton Group Inc, 510 Madison Ave.
8Th Floor
New York NY 10022
Yes No No Yes
1567108 Clinton Relational Opportunity Master Fund, L.p. C/O Clinton Group, Inc.
510 Madison Ave., 8Th Floor
New York NY 10022
Yes No No Yes
1567109 Clinton Magnolia Master Fund, Ltd. C/O Clinton Group Inc., 510 Madison Ave.
8Th Floor
New York NY 10022
Yes No No Yes
1577073 Clinton Relational Opportunity Llc C/O Clinton Group Inc.
510 Madison Ave., 8Th Floor
New York NY 10022
Yes No No Yes
1584551 Geh Capital Inc. C/O Clinton Group Inc., 510 Madison Ave.
8Th Floor
New York NY 10022
Yes No No Yes
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 2015-12-14 30,000 $1.28 1,741,001 No 4 P Indirect See footnotes
Common Stock Disposition 2015-12-14 36,100 $1.31 1,704,901 No 4 S Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnotes
No 4 S Indirect See footnotes
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 82,490 Indirect See footnotes
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.265 to $1.28, inclusive. The Reporting Persons undertake to provide to Imation Corp., any security holder of Imation Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.
  2. The securities reported on this line may be deemed to be indirectly beneficially owned by Clinton Group, Inc. ("CGI"), which securities are directly held by Clinton Relational Opportunity Master Fund, L.P. ("CREL"), Clinton Magnolia Master Fund, Ltd. ("CMMF"), a mutual fund portfolio ("WKCAX") and another mutual fund portfolio ("CASF"). CGI is deemed to be the indirect beneficial owner of such securities by virtue of its position as investment manager of CMMF and its ownership of Clinton Relational Opportunity, LLC, which serves as the investment manager of CREL, and sub-advisory agreements governing each of WKCAX and CASF. Mr. George E. Hall ("Mr. Hall") serves as the Chief Executive Officer of CGI. Mr. Hall is deemed to be the indirect beneficial owner of such securities by virtue of his direct and indirect control of CGI.
  3. For purposes of Rule 16a-1(a)(2) of the 1934 Act, each of the Reporting Persons disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any Reporting Person is the beneficial owner of the securities for the purpose of Section 16 or for any other purpose, except to the extent of such Reporting Person's pecuniary interest therein. Mr. Joseph A. DePerio ("Mr. DePerio") is an employee of CGI and serves as a member of the board of directors of the Issuer. Mr. DePerio submits his Section 16 filings independent of CGI. CGI disclaims beneficial ownership of any and all securities beneficially owned by Mr. DePerio.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.26 to $1.33, inclusive. The Reporting Persons undertake to provide to Imation Corp., any security holder of Imation Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. On behalf of the Reporting Persons, CGI has agreed to disgorge to the issuer all statutory "profits" pursuant to Section 16(b) of the Securities Exchange Act of 1934 that resulted from the transactions reported herein.
  5. The securities reported on this line may be deemed to be indirectly beneficially owned by Mr. Hall, which securities are directly held by GEH Capital, Inc. ("GEHC"). Mr. Hall is deemed to be the indirect beneficial owner of such securities by virtue of his indirect ownership of GEHC.