4//SEC Filing
Mannelly Matthew 4
Accession 0001104659-20-101577
CIK 0001739566other
Filed
Aug 31, 8:00 PM ET
Accepted
Sep 1, 9:41 PM ET
Size
17.4 KB
Accession
0001104659-20-101577
Insider Transaction Report
Form 4
Mannelly Matthew
Director
Transactions
- Other
Class A common stock
2020-08-28+45,000→ 45,000 total - Award
Class A common stock
2020-08-28$10.00/sh+100,000$1,000,000→ 145,000 total - Other
Class B ordinary shares
2020-08-28−45,000→ 0 total→ Class A ordinary shares (45,000 underlying) - Award
Warrants to purchase Class A common stock
2020-08-28+33,333→ 33,333 totalExercise: $11.50→ Class A common stock (33,333 underlying)
Footnotes (2)
- [F1]In connection with the Business Combination Agreement, dated June 5, 2020, by and among Collier Creek Holdings ("CCH"), Utz Brands Holdings, LLC ("Utz Brands Holdings"), and the other parties thereto (the transactions contemplated thereby, the "Business Combination"), CCH domesticated as a Delaware corporation (the "Domestication") and changed its name to "Utz Brands, Inc." ("Utz"). In connection with the Domestication, the Reporting Person's Class B ordinary shares, par value $0.0001 per share, of CCH, which were previously convertible into Class A ordinary shares of CCH, were automatically converted into shares of Class A common stock of Utz, par value $0.0001 per share, on a one-for-one basis.
- [F2]Pursuant to the Forward Purchase Agreement, dated as of September 7, 2018, by and between CCH and the Reporting Person, the Reporting Person agreed to purchase, on a private placement basis upon the consummation of the Business Combination, certain Class A ordinary shares (automatically converted to Class A common stock pursuant to the Domestication) (the "Forward Purchase Shares") and warrants to purchase Class A ordinary shares, which automatically became exercisable for Class A common stock pursuant to the Domestication (the "Forward Purchase Warrants") for a combined price of $10.00 per Forward Purchase Share purchased. The Forward Purchase Warrants will become exercisable on September 27, 2020 and will expire on August 28, 2025 or earlier upon redemption or the liquidation of Utz, as described in the Warrant Agreement (filed as Exhibit 4.4 to CCH's registration statement on Form S-1 (File No. 333-227295)).
Issuer
Utz Brands, Inc.
CIK 0001739566
Entity typeother
Related Parties
1- filerCIK 0001471658
Filing Metadata
- Form type
- 4
- Filed
- Aug 31, 8:00 PM ET
- Accepted
- Sep 1, 9:41 PM ET
- Size
- 17.4 KB