Sergio Ermotti - Dec 17, 2021 Form 4 Insider Report for Investindustrial Acquisition Corp. (IIAC)

Role
Director
Signature
/s/ Sergio Ermotti
Stock symbol
IIAC
Transactions as of
Dec 17, 2021
Transactions value $
$0
Form type
4
Date filed
12/20/2021, 04:04 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IIAC Class A Ordinary Shares Conversion of derivative security +1.36M 1.36M Dec 17, 2021 Direct F1, F2
transaction IIAC Class A Ordinary Shares Disposed to Issuer -1.36M -100% 0 Dec 17, 2021 Direct F2

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 IIAC Class B Ordinary Shares Other $0 +1.28M +1712.5% $0.00 1.36M Dec 17, 2021 Class A Ordinary Shares 1.28M Direct F1, F3
transaction IIAC Class B Ordinary Shares Conversion of derivative security -1.36M -100% 0 Dec 17, 2021 Class A Ordinary Shares 1.36M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Sergio Ermotti is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As described in the Issuer's registration statement on Form S-1 (File No. 333-249462) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001 per share, automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 In connection with the Issuer's business combination with Ermenegildo Zegna Holditalia SpA (Zegna) and EZ Cayman, (i) the reported securities were converted into Class A Ordinary Shares and exchanged into Common Stock of Zegna and (ii) the reporting person resigned from the Issuer's board of directors.
F3 The reported securities were received from Investindustrial Acquisition Corp. L.P. for no consideration in a pro rata distribution that is exempt pursuant to Rule 16a-9.