Filing Details

Accession Number:
Form Type:
Zero Holdings:
Publication Time:
2016-10-12 20:27:28
Reporting Period:
Filing Date:
Accepted Time:
2016-10-12 20:27:28
SEC Url:
Form 4 Filing
Cik Name Symbol Sector (SIC) IRS No
1615892 Ar Capital Acquisition AXAR () 4
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1248577 S Nicholas Schorsch 405 Park Avenue
New York NY 10022
Yes No Yes 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 Disposition 2016-10-07 5,947,827 $0.00 0 No 4 S Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Private Placement Warrants (right to buy) Disposition 2016-10-07 6,550,000 $0.00 6,550,000 $12.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 S Indirect
  1. Pursuant to the terms of the Agreement, dated September 16, 2016 (as amended on September 27, 2016), by and among the Reporting Person, Axar Master Fund Ltd. and the Issuer, the Reporting Person sold such shares of Common Stock and Private Placement Warrants to Axar Master Fund Ltd. for (i) $10.00 in cash and (ii) upon the closing of a business combination by the Issuer, an additional $1,000,000 in cash.
  2. AR Capital, LLC is the direct owner of the reported securities. The Reporting Person is a manager and equity holder of AR Capital, LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
  3. The warrants will become exercisable 30 days after the completion of the Issuer's initial business combination.
  4. warrants will 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.