Tecnoglass Inc. — Director's Dealing 2013

Dec 24, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Andina Acquisition Corp (TGLS)
CIK: 0001534675
Period of Report: 2013-12-20

Reporting Person: WEIL A LORNE (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-20	Convertible Promissory Note	$.50	C	200000	Disposed	2013-12-20	Warrants (Right to Buy) (200000)	Indirect
2013-12-20	Warrants (Right to Buy)	$8.00	C	200000	Acquired	2016-12-20	Ordinary Shares (200000)	Indirect
2013-12-20	Warrants (Right to Buy)	$8.00	J	608796	Disposed	2016-12-20	Ordinary Shares (608796)	Indirect
2013-12-20	Warrants (Right to Buy)	$8.00	J	2167867	Disposed	2016-12-20	Ordinary Shares (2167867)	Indirect

Footnotes

F1: The principal balance of the Convertible Promissory Note (the "Note") of $100,000 became payable upon the consummation of the Issuer's initial business combination (the "Business Combination"), which occurred on December 20, 2013. Pursuant to the terms of the Note, at the holder's election, the principal balance of the Note was convertible, in whole or in part, into warrants of the Issuer at a price of $0.50 per warrant upon consummation of the Business Combination. The A. Lorne Weil 2006 Irrevocable Trust - Family Investment Trust (the "Trust") elected to convert the Note in full upon consummation of the Business Combination.

F2: The Trust transferred warrants to an investor for no consideration in return for the investor agreeing to purchase ordinary shares of the Issuer in a private placement to be consummated on December 30, 2013.

F3: The Trust transferred warrants to an investor for no consideration in return for the investor purchasing ordinary shares of the Issuer from third-party holders.