4//SEC Filing
CLAIRVEST GROUP INC 4
Accession 0001209191-20-003498
CIK 0001698991other
Filed
Jan 14, 7:00 PM ET
Accepted
Jan 15, 5:18 PM ET
Size
9.6 KB
Accession
0001209191-20-003498
Insider Transaction Report
Form 4
CLAIRVEST GROUP INC
10% Owner
Transactions
- Conversion
Class A-1 Common Stock
2020-01-14+407,788→ 16,649,659 total(indirect: See footnote) - Conversion
Class A-2 Common Stock
2020-01-14−407,788→ 815,580 total(indirect: See footnote)→ Class A-1 Common Stock (407,788 underlying)
Footnotes (5)
- [F1]Represents the issuance of shares of Class A-1 Common Stock upon conversion of an equal number of shares of Class A-2 Common Stock upon the satisfaction of certain conditions as set forth in the Restricted Stock Agreement dated as of November 20, 2019, by and among the Issuer and the other persons party thereto.
- [F2]No consideration was required in connection with the conversion.
- [F3]The securities reported in this row are indirectly owned by the Reporting Person through Clairvest Equity Partners V Limited Partnership, an Ontario limited partnership ("CEP V"), Clairvest Equity Partners V-A Limited Partnership, an Ontario limited partnership ("CEP V-A"), and CEP V Co-Investment Limited Partnership, a Manitoba limited partnership ("CEP Co-Invest", and together with CEP V and CEP V-A, the "Clairvest Investors"), each of which is a wholly-owned indirect subsidiary of the Reporting Person.
- [F4]Represents the disposition of shares of Class A-2 Common Stock upon conversion of such shares into an equal number of shares of Class A-1 Common Stock, as reported in Table I.
- [F5]The Issuer's Class A-2 Common Stock will be eligible to convert into an equal number of the Issuer's Class A-1 Common Stock in three separate tranches upon the satisfaction of certain predetermined stock price or earnings thresholds as set forth in the Restricted Stock Agreement dated as of November 20, 2019, by and among the Issuer and the other persons party thereto. If the Issuer undergoes an Acceleration Event (as defined therein) and the satisfaction of the applicable stock price or earnings thresholds cannot be determined at that time, then each share of Class A-2 Common Stock not previously converted into Class A-1 Common Stock will convert into Class A-1 Common Stock immediately prior to the consummation of such Acceleration Event. As of the date hereof, the first tranche of the Class A-2 Common Shares have been converted into Class A-1 Common Shares and two tranches of the Class A-2 Common Shares remain unconverted. The Class A-2 Common Stock has no expiration date.
Documents
Issuer
Accel Entertainment, Inc.
CIK 0001698991
Entity typeother
Related Parties
1- filerCIK 0001117988
Filing Metadata
- Form type
- 4
- Filed
- Jan 14, 7:00 PM ET
- Accepted
- Jan 15, 5:18 PM ET
- Size
- 9.6 KB