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Filing Details

Accession Number:: 0001209191-10-057688
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-12-01 21:53:31
Reporting Period:: 2010-11-29

Filing Date:: 2010-12-01
Accepted Time:: 2010-12-01 21:53:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1499482	L&L Acquisition Corp.	LLAQ	Blank Checks (6770)	273109518

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1419964	John Shermyen	265 Franklin St. 20Th Floor Boston MA 02110	Chairman & Ceo	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-11-29	25,000	$0.00	541,781	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Common Stock Warrants (right to buy)	Acquisiton	2010-11-29	25,000	$0.00	25,000	$11.50
Common Stock	Sponsor Warrants	Acquisiton	2010-11-29	1,253,333	$0.75	1,253,333	$11.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
25,000			No	4	P	Direct
1,253,333			No	4	P	Direct

Footnotes

The reported securities are included within 25,000 units purchased by the reporting person for $10.00 per unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.
67,406 of these shares are subject to forfeiture to the extent the underwriters' over allotment option, as described in the Issuer's registration statement on Form S-1 (File No.333-168949), is not exercised in full. In addition, 287,101 of the shares (or up to 249,653 if the underwriters' over-allotment option is not exercised in full) are subject to forfeiture on the five-year anniversary of the closing of the Issuer's initial business combination unless prior to such time the last sales price of the Issuer's common stock equals or exceeds $18.00 per share for any 20 trading days within any 30-trading day period or if the Issuer consummates a subsequent liquidation, merger, stock exchange or other similar transaction that results in all of its stockholders having the right to exchange their common stock of the Issuer for cash, securities or other property in an amount which equals or exceeds $18.00 per share.
Mr. Shermyen is a limited partner of LLM Structured Equity Fund L.P. and as such may also have an indirect pecuniary interest in the shares of the issuer held by LLM Structured Equity Fund LP. to the extent of such limited partnership interest. Mr. Shermyen disclaims any beneficial ownership of shares held by LLM Structured Equity Fund LP.
The Sponsor Warrants are identical to the warrants included in the units that were sold by the Issuer in its initial public offering (the "Unit Warrants"), except for those differences set forth in the Issuer's registration statement on Form S-1 (File No. 333-168949). In addition, the Sponsor Warrants and Unit Warrants generally are not transferable, assignable or salable until 30 days after the completion of the Issuer's initial business combination and will expire worthless if the Issuer does not complete an initial business combination within 18 months from the closing of the Issuer's initial public offering.