Jeffrey L. Berenson - Sep 30, 2021 Form 4 Insider Report for Berenson Acquisition Corp. I (BACA)

Role
Director, 10%+ Owner
Signature
/s/ Yuta N. Delarck, Attorney-in-Fact
Stock symbol
BACA
Transactions as of
Sep 30, 2021
Transactions value $
-$7,489
Form type
4
Date filed
9/30/2021, 07:33 PM
Previous filing
Sep 27, 2021
Next filing
Nov 15, 2021

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 BACA Class B common stock Sale -$7.49K -1.87M -26.51% $0.00* 5.19M Sep 30, 2021 Class A common stock 1.87M See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the initial business combination of Berenson Acquisition Corp. I (the "Issuer"), or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-259470) (the "Registration Statement") and have no expiration date.
F2 Includes up to 937,500 shares subject to forfeiture by Berenson SPAC Holdings I, LLC (the "Sponsor") depending on the extent to which the underwriters' option to purchase additional units is exercised.
F3 The securities are held directly by the Sponsor. Jefferey Berenson, the Issuer's Chairman of the Board of Directors, controls BAC Brigade Holdings, LLC, the managing member of the Sponsor. Accordingly, Mr. Berenson may be deemed to beneficially own such securities. Certain of the Issuer's other officers, directly or indirectly own membership interests in the Sponsor and, as a result thereof, hold direct or indirect economic interests in the Sponsor and pecuniary interests in certain of the securities held by the Sponsor. Each of Mr. Berenson and such other officers disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.