Home > Insider Trading > Filing (0001144204-16-127901)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1615892	Ar Capital Acquisition	AXAR	Blank Checks (6770)	471434549

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1673921	Andrew Axelrod	1330 Avenue Of The Americas, 6Th Floor New York NY 10019	Ceo And Executive Chairman	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-10-07	5,947,827	$0.00	7,297,827	No	4	P	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnote

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Private Placement Warrants (right to buy)	Acquisiton	2016-10-07	6,550,000	$0.00	6,550,000	$12.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
6,550,000			No	4	P	Indirect

Footnotes

Pursuant to the terms of the Agreement, dated September 16, 2016 (as amended on September 27, 2016), by and among Axar Master Fund, Ltd., AR Capital, LLC and the Issuer, Axar Master Fund, Ltd. purchased such shares of Common Stock and Private Placement Warrants from AR Capital, LLC for (i) $10.00 in cash and (ii) upon the closing of a business combination by the Issuer, an additional $1,000,000 in cash.
The reported securities are held directly by Axar Master Fund, Ltd. Axar Capital Management, LP serves as investment manager to Axar Master Fund, Ltd. Axar GP, LLC is the sole general partner of Axar Capital Management, LP. Mr. Axelrod is the sole member of Axar GP, LLC and is the managing partner, portfolio manager and majority control person of Axar Capital Management, LP. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
The warrants will become exercisable 30 days after the completion of the Issuer's initial business combination.
The warrants will 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.