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Filing Details

Accession Number:: 0000914760-15-000027
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-02-10 17:34:38
Reporting Period:: 2015-02-06

Filing Date:: 2015-02-10
Accepted Time:: 2015-02-10 17:34:38
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1606163	1347 Capital Corp	TFSC	Blank Checks (6770)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1612411	1347 Investors Llc	150 Pierce Road 6Th Floor Itasca IL 60143		No	No	Yes	No
1612412	1347 Capital Llc	150 Pierce Road 6Th Floor Itasca IL 60143		No	No	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	Disposition	2015-02-06	100,000	$0.02	1,248,000	No	4	S	Direct

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

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Private Rights	$11.50	19,800	198,000	Direct
Common Stock	Private Warrants	$11.50	99,000	198,000	Direct
Common Stock	$15 Exercise Price Sponsor Warrants	$15.00	600,000	600,000	Direct

Amount	Remaning Holdings	Nature of Ownership
19,800	198,000	Direct
99,000	198,000	Direct
600,000	600,000	Direct

Footnotes

The reported securities are held directly by 1347 Investors LLC, a Delaware limited liability company and the Issuer's sponsor (the "Sponsor"), and indirectly by 1347 Capital LLC, a Delaware limited liability company and the manager of the Sponsor.
The reported securities represent the right to receive one-tenth (1/10) of a share of the Issuer's common stock automatically on the consummation of an initial business combination by the Issuer.
The Issuer has until 18 months from the closing of its initial public offering (or 24 months from the closing of its initial public offering if the Issuer has executed a letter of intent or definitive agreement for an initial business combination within 18 months from the closing of the Issuer's initial public offering but has not completed the initial business combination within such 18-month period) to consummate its initial business combination. In the event that the Issuer is unable to consummate its initial business combination within such time period, the reported securities will expire and will be worthless.
The reported securities will become exercisable on the later of (i) 30 days after the completion of the Issuer's initial business combination, and (ii) 12 months from the closing of the Issuer's initial public offering, provided in each case that the Issuer has an effective registration statement under the Securities Act of 1933, as amended, covering the shares of common stock issuable upon exercise of the reported securities and a current prospectus relating to them is available (or the Issuer permits holders to exercise the reported securities on a cashless basis under the circumstances specified in the warrant agreement between the Issuer and Continental Stock Transfer & Trust Company).
The reported securities expire five years after the date on which they first became exercisable, at 5:00 p.m., New York time, or earlier upon redemption or liquidation.
The reported securities will become exercisable on the later of (i) 30 days after the completion of the Issuer's initial business combination, and (ii) 12 months from the closing of the Issuer's initial public offering, provided in each case that the Issuer has an effective registration statement under the Securities Act of 1933, as amended, covering the shares of common stock issuable upon exercise of the reported securities and a current prospectus relating to them is available.
The reported securities expire seven years after the date on which they first became exercisable, at 5:00 p.m., New York time, or earlier upon redemption or liquidation.