Filing Details

Accession Number:
0001104659-24-100756
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-09-17 19:37:57
Reporting Period:
2024-09-17
Accepted Time:
2024-09-17 19:37:57
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1823144 Composecure Inc. CMPO Finance Services (6199) 852749902
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1885798 Michele Logan C/O Composecure, Inc.
309 Pierce Street
Somerset NJ 08873
Yes No 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
Class A Common Stock, $0.0001 Par Value Acquisiton 2024-09-17 12,017,983 $0.00 12,061,303 No 4 C Direct
Class A Common Stock, $0.0001 Par Value Disposition 2024-09-17 10,017,983 $7.55 2,043,320 No 4 S Direct
Class A Common Stock, $0.0001 Par Value Acquisiton 2024-09-17 5,845,653 $0.00 5,845,653 No 4 C Indirect By Ephesians 3:16 Holdings LLC
Class A Common Stock, $0.0001 Par Value Disposition 2024-09-17 5,845,653 $7.55 0 No 4 S Indirect See footnote
Class A Common Stock, $0.0001 Par Value Acquisiton 2024-09-17 732,578 $0.00 732,578 No 4 C Indirect By Carol D. Herslow Credit Shelter Trust B
Class A Common Stock, $0.0001 Par Value Disposition 2024-09-17 732,578 $7.55 0 No 4 S Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 C Indirect By Ephesians 3:16 Holdings LLC
No 4 S Indirect See footnote
No 4 C Indirect By Carol D. Herslow Credit Shelter Trust B
No 4 S Indirect See footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock, $0.0001 Par Value Class B Common Stock, $0.0001 par value Disposition 2024-09-17 12,017,983 $0.00 12,017,983 $0.00
Class A Common Stock, $0.0001 Par Value Class B Common Stock, $0.0001 par value Disposition 2024-09-17 5,845,653 $0.00 5,845,653 $0.00
Class A Common Stock, $0.0001 Par Value Class B Common Stock, $0.0001 par value Disposition 2024-09-17 732,578 $0.00 732,578 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 C Direct
0 No 4 C Indirect
0 No 4 C Indirect
Footnotes
  1. Pursuant to that certain Stock Purchase Agreement, dated August 7, 2024 (the "Purchase Agreement"), by and between the Reporting Person, Ephesians 3:16 Holdings LLC ("Ephesians Holdings"), Carol D. Herslow Credit Shelter Trust B ("Credit Shelter Trust") and Tungsten 2024 LLC, a Delaware limited liability company ("Tungsten"), whereby Tungsten has agreed to purchase 10,017,983 shares of Class A Common Stock, par value $0.0001 ("Class A Common Stock") from the Reporting Person, 5,845,653 shares of Class A Common Stock from Ephesians Holdings, and 732,578 shares of Class A Common Stock from Credit Shelter Trust (together the "Purchased Shares").
  2. In connection with the purchase of the Purchased Shares, each of the Reporting Person, Ephesians Holdings, and Credit Shelter Trust agreed to convert all shares held of unregistered Class B Common Stock, par value $0.0001 ("Class B Common Stock") and a corresponding number of unregistered Class B Common Units issued by CompoSecure Holdings, L.L.C. (a subsidiary of the Issuer) that were exchangeable for Class A Common Stock on a share-for-share basis, for no additional consideration, subject to adjustment, and a corresponding cancellation of the Class B Common Stock.
  3. The unregistered Class B Common Stock and corresponding number of unregistered Class B Common Units were issued by CompoSecure Holdings, L.L.C (a subsidiary of the Issuer) and are exchangeable for Class A Common Stock on a share-for-share basis, subject to adjustment, and a corresponding cancellation of the Class B Common Stock held by such Reporting Person.
  4. Includes 22,491 restricted stock units that vested in full upon the closing of the transactions as contemplated by the Purchase Agreement and that settled into Class A Common Stock upon vesting.
  5. Ephesians Holdings is a manager-managed LLC, and Michele D. Logan serves as the manager, with the ability to exercise voting and dispositive power with respect to the securities held by Ephesians Holdings. The MDL Family Trust and The DML Family Trust are the sole members of Ephesians Holdings, each owning half of the total membership interests therein, and Ms. Logan serves as the Investment Adviser of each of the MDL Trust and the DML Trust. Tiedemann Trust Company acts as Administrative Trustee of each of the MDL Trust and the DML Trust. As a result, Ms. Logan, Ephesians Holdings and the MDL Trust and the DML Trust (to the extent of their respective membership interests therein) possess shared voting and dipositive power over the securities held by Ephesians Holdings. The Reporting Person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.
  6. Ms. Logan is a Co-Trustee of the Credit Shelter Trust, and, as a result, may be deemed to share voting and dispositive power over the securities held by the Credit Shelter Trust.