4//SEC Filing
Marks Joshua 4
Accession 0001209191-18-034012
CIK 0001512077other
Filed
May 28, 8:00 PM ET
Accepted
May 29, 7:22 PM ET
Size
7.9 KB
Accession
0001209191-18-034012
Insider Transaction Report
Form 4
Marks Joshua
EVP - Aviation Connectivity
Transactions
- Purchase
2.75% Convertible Senior Notes due 2035
2018-05-24+45→ 45 totalExp: 2035-02-15→ Common Stock, par value $0.0001 per share
Footnotes (5)
- [F1]As of the date of filing of this Form 4, the last reported conversion rate for the 2.75% Convertible Senior Notes due 2035 ("Convertible Notes") was 53.9084 shares of common stock per $1,000 principal amount of Convertible Notes, corresponding to a conversion price of approximately $18.55 per share of common stock. The conversion rate is subject to adjustment in certain circumstances pursuant to the Indenture, dated as of February 18, 2015, between the Issuer and U.S. Bank National Association, as trustee. Upon conversion of any Convertible Note, the Issuer will pay or deliver to the convertible noteholder cash, shares of common stock or a combination of cash and shares of common stock, at the Issuer's election.
- [F2]The Reporting Person purchased $45,000 aggregate principal amount of the Convertible Notes for an aggregate purchase price of $30,111.50 in open market transactions.
- [F3]The Convertible Notes are convertible by holders any time prior to the close of business on the business day immediately preceding November 15, 2034, only if one or more of the following conditions has been satisfied: (1) during any calendar quarter beginning after March 31, 2015 if the closing price of the Issuer's common stock equals or exceeds 130% of the conversion price per share during a defined period at the end of the previous quarter, (2) during the five consecutive business day period immediately following any five consecutive trading day period in which the trading price per $1,000 principal amount of Convertible Notes for each trading day was less than 98% of the product of the last reported sale price of the Issuer's common stock and the conversion rate on each such trading day; (3) if specified corporate transactions occur, or (cont'd in FN 4)
- [F4](cont'd from FN 3) (4) if the Issuer calls any or all of the Convertible Notes for redemption, at any time prior to the close of business on the second business day immediately preceding the redemption date. On or after November 15, 2034, until the close of business on the second scheduled trading day immediately preceding February 15, 2035, a holder may convert all or a portion of its Convertible Notes at any time, regardless of the foregoing circumstances.
- [F5]$45,000 aggregate principal amount of Convertible Notes.
Documents
Issuer
Global Eagle Entertainment Inc.
CIK 0001512077
Entity typeother
Related Parties
1- filerCIK 0001678650
Filing Metadata
- Form type
- 4
- Filed
- May 28, 8:00 PM ET
- Accepted
- May 29, 7:22 PM ET
- Size
- 7.9 KB