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Filing Details

Accession Number:: 0001094891-16-000399
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-01-19 12:14:13
Reporting Period:: 2015-12-23

Filing Date:: 2016-01-19
Accepted Time:: 2016-01-19 12:14:13
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1588869	Cambridge Capital Acquisition Corp	CAMB	Blank Checks (6770)	463774077

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1594255	Trust 2007 Family Gordon	C/O Cambridge Capital Acquisition Corp 525 South Flagler Drive, Suite 201 West Palm Beach FL 33401		No	No	Yes	No
1594366	Jonathan Morris	C/O Cambridge Capital Acquisition Corp 525 South Flagler Drive, Suite 201 West Palm Beach FL 33401		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	2015-12-23	8,473	$0.00	0	No	4	D	Direct
Common Stock	Disposition	2015-12-23	539,351	$0.00	1,043,062	No	4	S	Indirect	By Gordon Family 2007 Trust
Common Stock	Disposition	2015-12-22	1,043,062	$0.00	0	No	4	D	Indirect	By Gordon Family 2007 Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	D	Direct
No	4	S	Indirect	By Gordon Family 2007 Trust
No	4	D	Indirect	By Gordon Family 2007 Trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrants	Disposition	2015-12-23	5,543	$0.00	5,543	$11.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2015-12-23	2018-12-23	No	4	D	Direct

Footnotes

On September 6, 2015, Cambridge Capital Acquisition Corporation (the "Issuer"), Cambridge Holdco Corp. ("Holdco"), Ability Computer & Software Industries Ltd. ("Ability") and the shareholders of Ability entered into an Agreement and Plan of Reorganization (the "Merger Agreement"), pursuant to which, and subject to the terms and conditions thereof, on December 23, 2015 (the "Closing Date") the Issuer merged with and into Holdco, with Holdco surviving the merger. On the Closing Date, pursuant to the Merger Agreement, and subject to the terms and conditions thereof, at the effective time of the merger, Mr. Morris disposed of 8,473 shares of common stock of the Issuer in exchange for the same number of shares in Holdco.
These securities were transferred to third parties as consideration for such third parties purchasing shares of common stock of the issuer and agreeing not to seek conversion of such shares in connection with the issuer's business combination with Ability Computer & Software Industries Ltd.
Mr. Morris is the trustee of the Gordon Family 2007 Trust and exercises voting and dispositive power over the shares held by such entity.
On the Closing Date, pursuant to the Merger Agreement, and subject to the terms and conditions thereof, at the effective time of the merger, the Gordon Family 2007 Trust disposed of 1,043,062 shares of common stock of the Issuer in exchange for the same number of shares in Holdco.
On the Closing Date, pursuant to the Merger Agreement, and subject to the terms and conditions thereof, at the effective time of the merger, the Warrants were assumed by Holdco in the Merger.