Ophir Sternberg - 16 Dec 2020 Form 4/A - Amendment Insider Report for BurgerFi International, Inc.

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Ophir Sternberg
Issuer symbol
N/A
Transactions as of
16 Dec 2020
Net transactions value
$0
Form type
4/A - Amendment
Filing time
06 Aug 2021, 20:02:23 UTC
Date Of Original Report
23 Dec 2020
Previous filing
06 Aug 2021
Next filing
07 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFI Common Stock Other $0 -290,659 -18% $0.000000 1,319,341 16 Dec 2020 LH Equities, LLC F1, F2, F3
transaction BFI Common Stock Other $0 -1,319,341 -100% $0.000000* 0 16 Dec 2020 LH Equities, LLC F3, F4, F5
transaction BFI Common Stock Other $0 +793,713 $0.000000 793,713 16 Dec 2020 Lionheart Equities, LLC F4, F5, F6
transaction BFI Common Stock Other $0 -72,988 -9.2% $0.000000 720,725 16 Dec 2020 Lionheart Equities, LLC F5, F6, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BFI Warrants underlying Units Other $0 -10,613 -0.92% $0.000000 1,139,387 16 Dec 2020 Common Stock 10,613 $11.50 Lionheart Equities, LLC F5, F6, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the consummation of the business combination (the "Business Combination") between Opes Acquisition Corp. ("OPES") and BurgerFi International, LLC, LH Equities, LLC distributed (i) 48,000 founders' shares (collectively) to David Brain, James Anderson, Martha (Stormy) L. Byorum and Allison Greenfield (members of the pre-closing OPES Board of Directors), (ii) 20,000 founders' shares to EarlyBirdCapital, LLC; (iii) 197,659 founders' shares to Strongback Holdings Limited and (iv) 25,000 founders' shares to Faquiry Diaz Cala (the Special Advisor to the Board of Directors of OPES), Matias Urcuyo and Ashley Spitz.
F2 This amendment is being filed to correct the number of shares disposed of and the number of shares beneficially owned following such disposition.
F3 Shares that were held by LH Equities, LLC, of which Lionheart Equities, LLC was a majority equity holder, of which the Reporting Person is the manager and sole member, and the other equity holder of which was Domus Family Limited Liability Partnership, the shares attributable to which Lionheart Equities, LLC had voting control over.
F4 Represents a distribution of shares by LH Equities, LLC to its equity holders upon the dissolution of LH Equities, LLC.
F5 This transaction was erroneously omitted from the original Form 4 that was filed by the Reporting Person.
F6 The Reporting Person is the manager and sole member of Lionheart Equities, LLC.
F7 Represents a distribution by Lionheart Equities, LLC of 56,604 founders' shares to Apollo Tropical, LLC, 10,000 founders' shares to GA Real Estate Holdings LLC, 5,384 founders' shares to Leviathan Group, LLC and 1,000 founders' shares to Itamar Ben Shmuel.
F8 Each Unit consists of one share of common stock and one warrant (each, a "Warrant") exercisable to purchase one share of common stock at an exercise price of $11.50 per share.
F9 Represents a distribution of Warrants to Faquiry Diaz Cala, the Special Advisor to the Board of Directors of OPES.