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Filing Details

Accession Number:: 0001104659-18-024860
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-04-18 16:19:52
Reporting Period:: 2018-04-16

Accepted Time:: 2018-04-18 16:19:52
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1620179	Exela Technologies Inc.	XELA	Services-Business Services, Nec (7389)	471347291

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1712365	Adesi 234 Llc	8550 West Desert Inn Road, Suite 102-452 Las Vegas NV 89117	Yes	No	Yes	No
1712366	Ex-Sigma 2 Llc	8550 West Desert Inn Road, Suite 102-452 Las Vegas NV 89117	Yes	No	Yes	No
1712402	Ex-Sigma Llc	8550 West Desert Inn Road, Suite 102-452 Las Vegas NV 89117	Yes	No	Yes	No
1712411	Handson Fund 4 I, Llc	8550 West Desert Inn Road, Suite 102-452 Las Vegas NV 89117	Yes	No	Yes	No
1712472	Handson Global Management, Llc	8550 West Desert Inn Road, Suite 102-452 Las Vegas NV 89117	Yes	No	Yes	No
1712473	Hof 2 Llc	8550 West Desert Inn Road, Suite 102-452 Las Vegas NV 89117	Yes	No	Yes	No
1712480	Hov Capital Iii Llc	8550 West Desert Inn Road, Suite 102-452 Las Vegas NV 89117	Yes	No	Yes	No
1712482	Ltd Services Hov	8550 West Desert Inn Road, Suite 102-452 Las Vegas NV 89117	Yes	No	Yes	No
1712484	Hovs Llc	8550 West Desert Inn Road, Suite 102-452 Las Vegas NV 89117	Yes	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, Par Value $0.0001 Per Share (''Common Stock'')	Disposition	2018-04-16	7,000,000	$4.69	77,912,500	No	4	S	Direct
Common Stock	Disposition	2018-04-16	7,000,000	$4.69	79,162,500	No	4	S	Indirect	See Footnotes

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,250,000	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Series A Convertible Preferred Stock	$0.00			3,263,473	2,669,233	Direct
Common Stock	Series A Convertible Preferred Stock	$0.00			3,263,473	2,669,233	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	3,263,473	2,669,233	Direct
	3,263,473	2,669,233	Indirect

Footnotes

Ex-Sigma 2 LLC, a Delaware limited liability company ("Ex Sigma 2"), directly owns the following securities of the Issuer: (a) 77,912,500 shares of Common Stock and (b) 2,669,233 shares of Preferred Stock. HandsOn Global Management, LLC, a Delaware limited liability company ("HGM"), directly owns 1,250,000 shares of Common Stock.
Ex-Sigma 2 is a wholly-owned subsidiary of Ex-Sigma LLC, a Delaware limited liability company ("Ex-Sigma"). HOVS LLC, a Delaware limited liability company ("HOVS"), HandsOn Fund 4 I, LLC, a Nevada limited liability company ("HOF 4"), and HOV Capital III, LLC, a Nevada limited liability company ("HOV 3") each directly own equity interests in Ex-Sigma. HOVS is a wholly-owned subsidiary of HOV Services Ltd., an Indian limited company ("HOV Services").
Adesi 234 LLC, a Nevada limited liability company ("Adesi"), and HOF 2 LLC, a Nevada limited liability company ("HOF 2" and together with Ex-Sigma, Ex Sigma 2, HGM, HOVS, HOV Services, HOF 4, HOV 3, and Adesi, the "HGM Group") together own a majority of HOF 4. Adesi and HOF 2, own a majority of the equity interests of HOV 3. By reason of Rule 13d-3 of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), the direct and indirect equity owners in Ex Sigma 2 identified above and HGM may be deemed to beneficially own any shares of the Issuer owned by the entities in which they are beneficial owners. Each member of the HGM Group disclaims beneficial ownership of any shares of the Issuer owned by any other member of the HGM Group, except to the extent of its pecuniary interest therein.
Ex-Sigma 2 owns 2,669,233 shares of Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock is convertible into the number of shares of Common Stock equal to the Applicable Conversion Rate (as defined in the Issuer's Certificate of Designations, Preferences, Rights and Limitations of Series A Perpetual Convertible Preferred Stock (the "Certificate of Designation")) in effect as of the date of such conversion.
The initial Applicable Conversion Rate is 1.2226 shares of Common Stock for each share of Preferred Stock, which rate will increase following the third anniversary of the date of issue, (x) at the election of the holder, or (y) at the election of the Company from and after the time that the weighted average price of the Common Stock equals or exceeds $24 for at least 5 consecutive days on which trading in the Common Stock generally occurs on the Nasdaq Stock Market. The shares of Series A Convertible Preferred Stock have no expiration date.
Solely for purposes of Section 16 of the Exchange Act, the HGM Group may be deemed to be directors-by-deputization by virtue of the HGM Group's contractual right to designate directors to the board of directors of the Issuer (the "Board"). For purposes of the exemption under Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended, the Board approved the acquisition of any direct or indirect pecuniary interest of any and all shares of the Issuer by each member of the HGM Group as a result of or in connection with the Merger, the PIPE Investment and/or the Reinvestment.
These shares were sold by the reporting person as a selling stockholder pursuant to an underwritten public offering by the Issuer. The offering closed on April 16, 2018. The reported sale price reflects the price at which the reporting person sold shares to the underwriters