0001140361-20-021570.txt : 20200925
0001140361-20-021570.hdr.sgml : 20200925
20200925161558
ACCESSION NUMBER: 0001140361-20-021570
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200923
FILED AS OF DATE: 20200925
DATE AS OF CHANGE: 20200925
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SVAC Sponsor LLC
CENTRAL INDEX KEY: 0001822122
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39496
FILM NUMBER: 201200312
BUSINESS ADDRESS:
STREET 1: 777 THIRD AVENUE, 18TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: (212) 845-7977
MAIL ADDRESS:
STREET 1: 777 THIRD AVENUE, 18TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: STARBOARD VALUE ACQUISITION CORP.
CENTRAL INDEX KEY: 0001794905
STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 777 THIRD AVENUE 18TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 2128457977
MAIL ADDRESS:
STREET 1: 777 THIRD AVENUE 18TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
4
1
form4.xml
FROM 4
X0306
4
2020-09-23
0001794905
STARBOARD VALUE ACQUISITION CORP.
SVACU
0001822122
SVAC Sponsor LLC
777 THIRD AVENUE, 18TH FLOOR
NEW YORK
NY
10017
true
Class B common stock
2020-09-23
4
D
0
231787
0
D
Class A common stock
231787
9480713
D
As described in the issuer's registration statement (the "Registration Statement") on Form S-1 (File No. 333-248094) under the heading "Description of securities - Founder shares," the shares of the issuer's Class B common stock, par value $0.0001 per share, will automatically convert into shares of the issuer's Class A common stock, par value $0.0001 per share, at the time of the issuer's initial business combination on a one-for-one basis (or earlier, at the holder's option), subject to adjustments for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
The shares of Class B common stock owned by the Sponsor included up to 1,281,690 shares that were subject to forfeiture in the event the underwriters of the initial public offering of the Issuer's securities did not exercise in full their over-allotment option as described in the issuer's Registration Statement. Because the underwriters exercised their over-allotment option in part, the Sponsor forfeited 231,787 shares of Class B common stock without consideration on September 23, 2020 for cancellation by the Issuer.
The reported number of shares reflect the receipt of 1,618,750 shares of Class B common stock as part of an in-kind dividend distributed to all holders of Class B common stock in connection with the closing of the initial public offering.
SVAC Sponsor LLC is the direct owner of the shares listed on this Form 3. SVAC Manager LLC, a Delaware limited liability company, is the Manager of the Sponsor.
/s/ Kenneth R. Marlin, as authorized signatory
2020-09-25