Form 4 for LUCK Lucky Strike Entertainment Corp
Accepted 2022-10-28 00:00:00 ET · period of report 2022-05-06 · accession 0000950142-22-002992 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-10-28 | 2022-05-06 | LUCK | Wilson Michelle D | Dir | M - OptEx | $3.41 | +1.16M | 4.06M | +40% | +$3.97M |
| DI | 2022-10-28 | 2022-05-16 | LUCK | Wilson Michelle D | Dir | M - OptEx | $0.00 | -3.96M | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-05-06 | M | A | 1,163,671 | $3.41 | 4,061,419 | I See footnote | — | — | (F1) Bowlero Corp. (the "Issuer") mandatorily redeemed all of its unexercised warrants to purchase shares of the Issuer's Class A common stock (the "common stock") on May 16, 2022. Each whole warrant entitled the holder thereof to purchase one share of common stock as a price of $11.5 per share (subject to adjustment). Pursuant to the terms of the redemption, each holder of warrants could exercise its warrants for cash at $11.5 per share or could exercise the warrants on a cashless basis and receive 0.2936 shares of common stock per warrant exercised. In connection with the redemption Isos Acquisition Sponsor LLC (the "Sponsor") exercised all of its warrants on a cashless basis to purchase 1,163,671 shares of common stock for $3.406 a share (at the rate of 0.2936 shares per warrant exercised). (F2) Michelle Wilson is a managing member of the Sponsor and has voting and investment discretion with respect to the securities held by the Sponsor. As such, Ms. Wilson may be deemed to possess beneficial ownership of the securities held directly by the Sponsor. Ms. Wilson disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest she may have therein, directly or indirectly. |
| 2 | Derivative | Warrant (right to buy) | 2022-05-16 | M | D | 3,963,460 | $0.00 | 0 | I See footnote | $3.41 · 2021-03-05 to 2026-12-15 | 1,163,671 Common Stock | (F1) Bowlero Corp. (the "Issuer") mandatorily redeemed all of its unexercised warrants to purchase shares of the Issuer's Class A common stock (the "common stock") on May 16, 2022. Each whole warrant entitled the holder thereof to purchase one share of common stock as a price of $11.5 per share (subject to adjustment). Pursuant to the terms of the redemption, each holder of warrants could exercise its warrants for cash at $11.5 per share or could exercise the warrants on a cashless basis and receive 0.2936 shares of common stock per warrant exercised. In connection with the redemption Isos Acquisition Sponsor LLC (the "Sponsor") exercised all of its warrants on a cashless basis to purchase 1,163,671 shares of common stock for $3.406 a share (at the rate of 0.2936 shares per warrant exercised). (F2) Michelle Wilson is a managing member of the Sponsor and has voting and investment discretion with respect to the securities held by the Sponsor. As such, Ms. Wilson may be deemed to possess beneficial ownership of the securities held directly by the Sponsor. Ms. Wilson disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest she may have therein, directly or indirectly. |