SkyKnight Aero Holdings, LLC - 19 Mar 2021 Form 4 Insider Report for AdaptHealth Corp. (AHCO)

Role
Director
Signature
SkyKnight Aero Holdings, LLC, By: SkyKnight Capital, L.P., its manager, By: SkyKnight Capital Management, LLC, its general partner, By: /s/ Matthew Ebbel, Title: Managing Member
Issuer symbol
AHCO
Transactions as of
19 Mar 2021
Net transactions value
$0
Form type
4
Filing time
08 Mar 2022, 17:00:17 UTC
Next filing
14 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AHCO Class A Common Stock Conversion of derivative security +2,732,440 +93% 5,662,814 19 Mar 2021 Direct F1, F2
transaction AHCO Class A Common Stock Conversion of derivative security +1,171,045 +93% 2,426,919 19 Mar 2021 By SkyKnight Capital Fund II, L.P. F1, F3

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 AHCO Series C Preferred Stock Conversion of derivative security $0 -27,324 -100% $0.000000* 0 19 Mar 2021 Class A Common Stock 2,732,440 Direct F1, F2
transaction AHCO Series C Preferred Stock Conversion of derivative security $0 -11,710 -100% $0.000000* 0 19 Mar 2021 Class A Common Stock 1,171,045 By SkyKnight Capital Fund II, L.P. F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 19, 2021, the shares of Series C Preferred Stock held directly by SkyKnight Aero Holdings, LLC ("SkyKnight Aero Holdings") and SkyKnight Capital Fund II, L.P. "("SkyKnight Fund II") converted on a 100-for-one basis into the number of shares of Class A Common Stock shown in Column 7. The Series C Preferred Stock had no expiration date.
F2 Shares held by SkyKnight Aero Holdings. SkyKnight Capital, L.P. ("SkyKnight Capital") is the manager of SkyKnight Aero Holdings. SkyKnight Capital Management, LLC ("SkyKnight Capital Management") is the general partner of SkyKnight Capital. Matthew Ebbel is the managing member of SkyKnight Capital Management. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.
F3 Shares held by SkyKnight Fund II. SkyKnight Capital II GP, LLC ("SkyKnight II GP") is the general partner of SkyKnight Fund II. Matthew Ebbel is the managing member of SkyKnight II GP. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.

Remarks:

Theodore B. Lundberg has been deputized to represent the Reporting Persons on the board of directors of the Issuer. By virtue of Mr. Lundberg's representation, for purposes of Section 16 of the Securities Exchange Act of 1934 (the "Exchange Act"), each of the Reporting Persons may be deemed directors by deputization of the Issuer. This filing shall not be deemed an admission that any Reporting Person is a beneficial owner of the securities reported in this filing for purposes of Section 16 of the Exchange Act or otherwise, or is subject to Section 16 of the Exchange Act, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any.