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INNOVATE Corp. — Director's Dealing 2019
Mar 19, 2019
34366_dirs_2019-03-19_ee8b71ba-9e1a-4ecb-a319-ee6db53be95d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HC2 HOLDINGS, INC. (HCHC)
CIK: 0001006837
Period of Report: 2019-03-15
Reporting Person: Herbst Suzi R (Chief Administrative Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-03-15 | Common Stock | P | 3770 | $2.653 | Acquired | 47281 | Direct |
| 2019-03-15 | Common Stock | A | 71565 | — | Acquired | 118846 | Direct |
| 2019-03-15 | Common Stock | F | 5260 | $2.62 | Disposed | 113586 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 6000 | Indirect |
Footnotes
F1: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.65 to $2.66, inclusive. The Reporting Person undertakes 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 purchased at each separate price within the ranges set forth in this footnote 1.
F2: Reflects shares of restricted stock granted pursuant to the HC2 Holdings, Inc. Second Amended and Restated 2014 Omnibus Equity Award Plan, 47,710 of which will vest on March 15, 2020 and 23,855 of which will vest on March 15, 2021, provided the Reporting Person is employed by the Issuer on the applicable vesting date.
F3: Shares withheld by Issuer to satisfy taxes payable in connection with the vesting of previously awarded restricted stock.
F4: The shares of common stock reported herein are held in two trusts, each trust for the benefit of one of the Reporting Person's children. The Reporting Person's spouse serves as trustee for each trust. The Reporting Person disclaims beneficial ownership of all securities held by such trusts except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.