Carroll John 4
4 · Act II Global Acquisition Corp. · Filed May 2, 2019
Insider Transaction Report
Form 4
Carroll John
DirectorChief Executive Officer10% Owner
Transactions
- Other
Class B Ordinary Shares
2019-04-30−3,750→ 7,500,000 total(indirect: See Footnote 3)→ Class A Ordinary Shares (3,750 underlying)
Footnotes (3)
- [F1]As described in the issuer's registration statements on Form S-1 (File No. 333-230756) under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and has no expiration date.
- [F2]As contemplated in connection with the initial public offering of the issuer, 3,750 Class B ordinary shares of the issuer were returned by Act II Global LLC (the "Sponsor") to the issuer for no consideration and cancelled because the underwriter's over-allotment option was not exercised in full.
- [F3]These shares represent Class B ordinary shares acquired by the Sponsor pursuant to a subscription agreement dated as of February 14, 2019 by and between the Sponsor and the registrant. John Carroll, the Chief Executive Officer of the issuer, is the managing member of the Sponsor. Mr. Carroll has sole voting and dispositive control over the shares held by the Sponsor and may be deemed the beneficial owner of such shares. Mr. Carroll disclaims beneficial ownership of the ordinary shares held by the Sponsor other than to the extent of his pecuniary interest in such shares.