0001493152-24-009228.txt : 20240307
0001493152-24-009228.hdr.sgml : 20240307
20240307165259
ACCESSION NUMBER: 0001493152-24-009228
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230922
FILED AS OF DATE: 20240307
DATE AS OF CHANGE: 20240307
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ruchalski Francis A.
CENTRAL INDEX KEY: 0001566941
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14310
FILM NUMBER: 24730948
MAIL ADDRESS:
STREET 1: 28 BULSON ROAD
CITY: ROCKVILLE CENTRE
STATE: NY
ZIP: 11570
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GlassBridge Enterprises, Inc.
CENTRAL INDEX KEY: 0001014111
STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 411838504
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 18 EAST 50TH STREET FL7TH
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-220-3300
MAIL ADDRESS:
STREET 1: 18 EAST 50TH STREET FL7TH
CITY: NEW YORK
STATE: NY
ZIP: 10022
FORMER COMPANY:
FORMER CONFORMED NAME: IMATION CORP
DATE OF NAME CHANGE: 19960619
FORMER COMPANY:
FORMER CONFORMED NAME: 3M INFORMATION PROCESSING INC
DATE OF NAME CHANGE: 19960619
3
1
ownership.xml
X0206
3
2023-09-22
0
0001014111
GlassBridge Enterprises, Inc.
GLAE
0001566941
Ruchalski Francis A.
C/O GLASSBRIDGE ENTERPRISES, INC.,
18 EAST 50TH STREET FL7TH
NEW YORK
NY
10022
0
1
0
0
Chief Financial Officer
Restricted Stock Unit
Common Stock
468
D
Incentive Stock Option
10.00
Common Stock
166
D
The Restricted Stock Units (the "RSUs") shall vest in proportion to (i) the aggregate number of Series 1 RSUs and Series 2 RSUs (as each such term is defined in the Stock Purchase Agreement dated as of September 25, 2023 by and between GlassBridge Enterprises, Inc. (the "Company") and Tacora Capital, L.P. ("Tacora")) purchased by Tacora, divided by (ii) 75,000 (in all events without duplication), but in any event in equal quarterly installments over a 4-year period beginning on September 22, 2023.
The RSUs may be settled solely in cash. The Awardee of each cash-settled RSU shall be entitled to receive an amount equal to the product of the excess of (i) the fair market value of one share of common stock of the Company as of the business day immediately preceding the date on which the cash-out notice is delivered to the Company minus (ii) $164.95.
The shares underlying the Option shall vest over a four-year period in equal quarterly installments beginning on September 22, 2023, the grant date.
/s/ Francis Ruchalski
2024-03-07