0001144204-16-127900.txt : 20161012 0001144204-16-127900.hdr.sgml : 20161012 20161012202817 ACCESSION NUMBER: 0001144204-16-127900 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161007 FILED AS OF DATE: 20161012 DATE AS OF CHANGE: 20161012 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AR CAPITAL ACQUISITION CENTRAL INDEX KEY: 0001615892 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 471434549 BUSINESS ADDRESS: STREET 1: 405 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2124156500 MAIL ADDRESS: STREET 1: 405 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KAHANE WILLIAM M CENTRAL INDEX KEY: 0001189690 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36669 FILM NUMBER: 161933968 MAIL ADDRESS: STREET 1: AMERICAN REALTY CAPITAL STREET 2: 405 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 4 1 v450416_4.xml OWNERSHIP DOCUMENT X0306 4 2016-10-07 1 0001615892 AR CAPITAL ACQUISITION AXAR 0001189690 KAHANE WILLIAM M 405 PARK AVENUE NEW YORK NY 10022 1 1 1 0 See remarks below Common Stock 2016-10-07 4 S 0 5947827 D 0 I See footnote Private Placement Warrants (right to buy) 12.50 2016-10-07 4 S 0 6550000 D Common Stock 6550000 0 I See footnote Pursuant to the terms of the Agreement, dated September 16, 2016 (as amended on September 27, 2016), by and among the Reporting Person, Axar Master Fund Ltd. and the Issuer, the Reporting Person sold such shares of Common Stock and Private Placement Warrants to Axar Master Fund Ltd. for (i) $10.00 in cash and (ii) upon the closing of a business combination by the Issuer, an additional $1,000,000 in cash. AR Capital, LLC is the direct owner of the reported securities. The Reporting Person is a manager and equity holder of AR Capital, LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The warrants will become exercisable 30 days after the completion of the Issuer's initial business combination. The warrants will expire five years after the date on which they first became exercisable, at 5:00 p.m., New York time, or earlier upon redemption or liquidation. Former Chief Executive Officer and Director. /s/ Elliott M. Smith, Esq., Attorney-in-Fact 2016-10-12