Pacific Investment Management Co Llc - Apr 4, 2022 Form 4 Insider Report for FreightCar America, Inc. (RAIL)

Role
10%+ Owner
Signature
/s/ Jason Nagler
Stock symbol
RAIL
Transactions as of
Apr 4, 2022
Transactions value $
$0
Form type
4
Date filed
4/6/2022, 06:10 AM
Previous filing
Apr 5, 2022
Next filing
Apr 25, 2022

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 RAIL Warrant (right to buy) Other +1 +50% 3 Apr 4, 2022 Common Stock 1.37M $0.01 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Certain funds and accounts for which the Reporting Person serves as investment manager, advisor or sub-advisor acquired a warrant to purchase 5.0% of the Common Stock Deemed Outstanding (as defined in a warrant acquisition agreement entered into with the Issuer on April 4, 2022). The Reporting Person disclaims beneficial ownership in the reported securities, except to the extent of its pecuniary interest therein.
F2 The amount reflected above is estimated based on 27,346,760 outstanding shares of Common Stock of the Issuer on a fully-diluted basis as of March 31, 2022, as provided by the Issuer to the Reporting Person, assuming hypothetically that the warrant was exercised on such date. The number of shares that will actually be issued upon exercise of the warrant will not be known with certainty until the time such warrant is exercised. The number of shares of Common Stock of the Issuer actually issued upon exercise of this warrant may be materially different than the number of shares reflected in this report.
F3 In addition to the warrant referred to in footnote (1) above, certain funds and accounts for which the Reporting Person serves as investment manager, advisor or sub-advisor holds (a) a warrant to purchase 23.0% of the Common Stock Deemed Outstanding (as defined in a warrant acquisition agreement entered into with the Issuer on October 13, 2020, as amended) and (b) a warrant to purchase 5.0% of the Common Stock Deemed Outstanding (as defined in a warrant acquisition agreement entered into with the Issuer on December 30, 2021, as amended). The Reporting Person disclaims beneficial ownership in the reported securities, except to the extent of its pecuniary interest therein.