Home > Insider Trading > Filing (0001104659-19-037941)

Filing Details

Accession Number:: 0001104659-19-037941
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-06-27 16:46:14
Reporting Period:: 2019-06-25

Accepted Time:: 2019-06-27 16:46:14
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1620179	Exela Technologies Inc.	XELA	Services-Business Services, Nec (7389)	471347291

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1712366	Ex-Sigma 2 Llc	8550 West Desert Inn Road, Suite 102-452 Las Vegas NV 89117		Yes	No	Yes	No
1712402	Ex-Sigma Llc	8550 West Desert Inn Road, Suite 102-452 Las Vegas NV 89117		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001 Per Share (''Common Stock'')	Disposition	2019-06-25	6,617,424	$1.65	71,295,076	No	4	S	Direct
Common Stock	Disposition	2019-06-25	6,617,424	$1.65	71,295,076	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	See Footnote

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Series A Convertible Preferred Stock	$0.00			3,263,473	2,669,233	Direct
Common Stock	Series A Convertible Preferred Stock	$0.00			3,263,473	2,669,233	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	3,263,473	2,669,233	Direct
	3,263,473	2,669,233	Indirect

Footnotes

Ex-Sigma 2 LLC, a Delaware limited liability company ("Ex Sigma 2"), directly owns the following securities of the Issuer: (a) 71,295,076 shares of Common Stock and (b) 2,669,233 shares of Preferred Stock. Ex-Sigma 2 is a wholly-owned subsidiary of Ex-Sigma LLC, a Delaware limited liability company ("Ex-Sigma").
Ex-Sigma 2 owns 2,669,233 shares of Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock is convertible into the number of shares of Common Stock equal to the Applicable Conversion Rate (as defined in the Issuer's Certificate of Designations, Preferences, Rights and Limitations of Series A Perpetual Convertible Preferred Stock (the "Certificate of Designation")) in effect as of the date of such conversion.
The initial Applicable Conversion Rate is 1.2226 shares of Common Stock for each share of Preferred Stock, which rate will increase following the third anniversary of the date of issue, (x) at the election of the holder, or (y) at the election of the Company from and after the time that the weighted average price of the Common Stock equals or exceeds $24 for at least 5 consecutive days on which trading in the Common Stock generally occurs on the Nasdaq Stock Market. The shares of Series A Convertible Preferred Stock have no expiration date.
Solely for purposes of Section 16 of the Exchange Act, Ex-Sigma and Ex-Sigma 2 may be deemed to be directors-by-deputization by virtue of the contractual right of its shareholders, collective the HGM Group, to designate directors to the board of directors of the Issuer (the "Board"). For purposes of the exemption under Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended, the Board approved the acquisition of any direct or indirect pecuniary interest of any and all shares of the Issuer by each member of the HGM Group.