Accel Entertainment, Inc. — Director's Dealing 2020

Aug 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Accel Entertainment, Inc. (ACEL)
CIK: 0001698991
Period of Report: 2020-08-14

Reporting Person: Ruttenberg David W. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-14	Class A-1 Common Stock	A	8043	—	Acquired	545455	Indirect
2020-08-14	Class A-1 Common Stock	A	2868	—	Acquired	646545	Indirect
2020-08-14	Class A-1 Common Stock	A	2868	—	Acquired	646527	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-14	Warrants	$11.50	D	32175	Disposed	2024-11-20	Class A-1 Common Stock (32175)	Indirect
2020-08-14	Warrants	$11.50	D	11474	Disposed	2024-11-20	Class A-1 Common Stock (11474)	Indirect
2020-08-14	Warrants	$11.50	D	11473	Disposed	2024-11-20	Class A-1 Common Stock (11473)	Indirect

Footnotes

F1: Under the terms of the offer, dated as of July 14, 2020, by and between the Issuer and holders of warrants (the "Accel Warrants"), the Issuer granted a right to receive 0.250 shares of Class A-1 Common Stock in exchange for every outstanding Accel Warrant of the Company tendered by the holder and exchanged pursuant to the offer.

F2: Securities are held by the David W. Ruttenberg Revocable Trust, of which the Reporting Person is the sole trustee. The Reporting Person disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F3: Securities are held by the Crilly Court Trust, of which the Reporting Person is a beneficiary. The Reporting Person disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F4: Securities are held by Grant Place Fund LLC, of which the Reporting Person is the Manager. The Reporting Person disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F5: The warrants will become exercisable 30 days after the closing of the business combination contemplated by the Transaction Agreement (the "Closing"). The Issuer is required to use its best efforts to file with the U.S. Securities and Exchange Commission, within 15 business days of the Closing, a registration statement for the registration of Class A-1 Common Stock issuable upon exercise of the warrants.