Filing Details

Accession Number:
0001847069-22-000004
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-03-22 08:08:34
Reporting Period:
2022-03-17
Accepted Time:
2022-03-22 08:08:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1830033 Purecycle Technologies Inc. PCT Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1847069 Timothy Glockner C/O Purecycle Technologies, Inc.
5950 Hazeltine National Drive, Suite 650
Orlando FL 32822
Yes No No 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 2022-03-17 1,428,570 $7.00 1,428,570 No 4 P Indirect By The Glockner Chevrolet Company
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By The Glockner Chevrolet Company
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Warrants (Right to Buy) Acquisiton 2022-03-17 714,285 $0.00 714,285 $11.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
714,285 2022-09-17 No 4 P Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 6,317 Direct
Common Stock 845,614 Indirect See FN
Common Stock 5,581,933 Indirect See Footnote
Footnotes
  1. These shares were purchased by the Reporting Person a part of a $250 million Private Investment in a Public Equity (PIPE) transaction consummated on March 17, 2022.
  2. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
  3. By self as co-trustee for the benefit of my children with respect to 845,614 shares in the Barbara G. Glockner Trust fbo Timothy E. Glockner. I am a contingent remainderman with respect to this trust, but disclaim beneficial ownership of the securities held within this trust. This report shall not be deemed an admission that I am the beneficial owner of the securities held within these trusts for purposes of Section 16 or for any other purpose.
  4. By self as trustee for my benefit under the Timothy E. Glockner Revocable Trust.
  5. The securities reported in this Form 4 were acquired in the PIPE Offering in a combination of one share of the Company's common stock, par value $0.001 per share ("Common Stock"), and an accompanying one-half of one warrant to purchase one share of Common Stock (the "Warrants"), at a combined price of $7.00. The Warrants will expire on the earlier of (i) March 17, 2026 and (ii) the date fixed for redemption of the Warrants.