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Filing Details

Accession Number:: 0000921895-20-003121
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-11-25 17:08:06
Reporting Period:: 2020-11-23

Accepted Time:: 2020-11-25 17:08:06
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1537054	Gogo Inc.	GOGO	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1367262	Jason Mudrick	C/O Mudrick Capital Management, L.p. 527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1655183	Mudrick Capital Management, L.p.	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1656059	Mudrick Gp, Llc	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1656061	Mudrick Distressed Opportunity Specialty Fund, L.p.	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1730922	Mudrick Capital Management Llc	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1763080	Mudrick Distressed Opportunity Drawdown Fund Ii, L.p.	C/O Mudrick Capital Management, L.p. 527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1813628	Mudrick Distressed Opportunity Fund Global, Lp	527 Madison Avenue 6Th Floor New York NY 10022	No	No	Yes	No
1813765	Mudrick Distressed Opportunity Drawdown Fund Ii Gp, Llc	527 Madison Avenue 6Th Floor New York NY 10022	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, Par Value $0.0001 Per Share	Disposition	2020-11-23	420,000	$10.02	7,838,974	No	4	S	Indirect	See footnote
Common Stock, Par Value $0.0001 Per Share	Disposition	2020-11-23	150,000	$10.00	7,688,974	No	4	S	Indirect	See footnote
Common Stock, Par Value $0.0001 Per Share	Disposition	2020-11-24	272,898	$10.48	7,416,076	No	4	S	Indirect	See footnote
Common Stock, Par Value $0.0001 Per Share	Disposition	2020-11-24	350,000	$10.25	7,066,076	No	4	S	Indirect	See footnote

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.0001 Per Share	Call Options (obligation to sell at purchaser's option)	Disposition	2020-11-23	7,248	$1.20	724,800	$10.00
Common Stock, Par Value $0.0001 Per Share	Call Options (obligation to sell at purchaser's option)	Disposition	2020-11-24	5,000	$1.48	500,000	$10.00
Common Stock, Par Value $0.0001 Per Share	Call Options (obligation to sell at purchaser's option)	Disposition	2020-11-24	3,078	$1.21	307,800	$11.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
7,248	2021-01-15	No	4	S	Indirect
5,000	2021-01-15	No	4	S	Indirect
3,078	2021-01-15	No	4	S	Indirect

Footnotes

This Form 4 is filed jointly by Mudrick Distressed Opportunity Specialty Fund, L.P. ("Specialty LP"), Mudrick Distressed Opportunity Drawdown Fund II, L.P. ("Drawdown II LP"), Mudrick Distressed Opportunity Fund Global, L.P. ("Global LP"), Mudrick GP, LLC ("Mudrick GP"), Mudrick Distressed Opportunity Drawdown Fund II GP, LLC ("Drawdown II GP"), Mudrick Capital Management, L.P. ("MCM"), Mudrick Capital Management, LLC ("MCM GP"), and Jason Mudrick. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Securities beneficially owned by MCM. Mudrick GP is the general partner of Specialty LP and Global LP and may be deemed the beneficial owner of the securities beneficially owned by Specialty LP and Global LP. Drawdown II GP is the general partner of Drawdown II LP and may be deemed the beneficial owner of the securities beneficially owned by Drawdown II LP. MCM is the investment manager to Specialty LP, Drawdown II LP, Global LP and certain managed accounts. MCM GP is the general partner of MCM. Mr. Mudrick is the sole member of Mudrick GP, Drawdown II GP and MCM GP. By virtue of these relationships, each of MCM, MCM GP and Mr. Mudrick may be deemed the beneficial owner of the securities beneficially owned by Specialty LP, Drawdown II LP, Global LP and certain managed accounts.
The price reported is a weighted average price. The Common Stock was disposed of in multiple transactions at prices ranging from $9.7200 to $10.2550, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the ranges set forth in this footnote.
The price reported is a weighted average price. The Common Stock was disposed of in multiple transactions at prices ranging from $10.1200 to $10.9950, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the ranges set forth in this footnote.
Such options are exercisable as of November 23, 2020 and were immediately exercisable upon their acquisition.
Such options are exercisable as of November 24, 2020 and were immediately exercisable upon their acquisition.