4//SEC Filing
Collier Creek Partners LLC 4
Accession 0001104659-20-101581
CIK 0001739566other
Filed
Aug 31, 8:00 PM ET
Accepted
Sep 1, 9:45 PM ET
Size
22.8 KB
Accession
0001104659-20-101581
Insider Transaction Report
Form 4
Collier Creek Partners LLC
10% Owner
Transactions
- Award
Class A common stock
2020-08-28$10.00/sh+3,000,000$30,000,000→ 14,680,000 total - Award
Warrants to purchase Class A common stock
2020-08-28+1,000,000→ 8,200,000 totalExercise: $11.50→ Class A common stock (1,000,000 underlying) - Other
Class B ordinary shares
2020-08-28−11,680,000→ 0 total→ Class A ordinary shares (11,680,000 underlying) - Other
Class A common stock
2020-08-28+11,680,000→ 11,680,000 total
Footnotes (3)
- [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 Persons' 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, and the Reporting Persons' warrants to purchase Class A ordinary shares became automatically exercisable for Class A common stock.
- [F2]Pursuant to the Forward Purchase Agreement, dated as of September 7, 2018, by and between CCH and Collier Creek Partners, LLC (the "Sponsor"), the Sponsor 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)).
- [F3]The securities are held directly by the Sponsor. Chinh E. Chu, Roger K. Deromedi and Jason K. Giordano share voting and dispositive power over the securities held by the Sponsor. Chinh E. Chu, Roger K. Deromedi and Jason K. Giordano each disclaim beneficial ownership over any securities owned by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Issuer
Utz Brands, Inc.
CIK 0001739566
Entity typeother
Related Parties
1- filerCIK 0001739585
Filing Metadata
- Form type
- 4
- Filed
- Aug 31, 8:00 PM ET
- Accepted
- Sep 1, 9:45 PM ET
- Size
- 22.8 KB