Liu Suying's Form 4/A amendment
AmendedMountain Crest Acquisition Corp. III (MCAE) · filed Nov 22, 2021
- Accession no.
- 0001104659-21-142581
- Filed
- Nov 22, 2021
- Trade date
- Jun 14, 2021
- Filing delay
- 161 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Jun 16, 2021
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market purchases total $20.9K. It was filed 161 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Liu SuyingCIK 0001811534 | Director, Officer (CEO and CFO), 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 14, 2021 | Common Stock | PPurchaseAcquired | +2,086 | $10.00 | +$20,860 | 1,543,586 | Indirect | Duplicate filing |
| Jun 14, 2021 | Common Stock | JOtherDisposed | −83,202 | –F5 | – | 1,460,384 | Indirect | Duplicate filing |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 14, 2021 | Common Stock | PPurchaseAcquired | +208 | –F1 | – | 112,086 | Indirect | Duplicate filing |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The reporting person acquired units, consisting of shares and rights.
Referenced by the price of 1 transaction in Table II.
- F2
Shares owned by Mountain Crest Holdings III LLC, over which Suying Liu owns sole voting and dispositive power.
- F3
The rights automatically convert into one-tenth (1/10) of a share of common stock upon the consummation of the registrant's initial business combination, as described in the registrant's prospectus filed with the SEC.
- F4
Rights underlying the units owned by Mountain Crest Holdings III LLC, over which Suying Liu owns sole voting and dispositive power.
- F5
On June 14, 2021, the underwriters of Mountain Crest Acquisition Corp III (the "Company") exercised the over-allotment option in part and canceled the remainder of the over-allotment option. In connection with the cancellation of the remainder of the over-allotment option, the Company has canceled an aggregate of 83,202 shares of common stock issued to Mountain Crest Holdings III LLC prior to its IPO and private placement.
Referenced by the price of 1 transaction in Table I.
Remarks
This Form 4/A amends the Form 4 filed on June 16, 2021 to change the number of derivative securities beneficially owned following the reported transaction took place on June 14, 2021. Such change reflects the 110,000 rights that the reporting person previously acquired through Mountain Crest Holdings III LLC in a transaction that took place on May 20, 2021.