Suying Liu - 14 Jun 2021 Form 4/A - Amendment Insider Report for Mountain Crest Acquisition Corp. III

Role
CEO and CFO, Director, 10%+ Owner
Signature
/s/ Suying Liu
Issuer symbol
N/A
Transactions as of
14 Jun 2021
Net transactions value
+$20,860
Form type
4/A - Amendment
Filing time
22 Nov 2021, 16:00:58 UTC
Date Of Original Report
16 Jun 2021
Previous filing
24 May 2021
Next filing
29 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCAEU Common Stock Purchase $20,860 +2,086 +0.14% $10.00 1,543,586 14 Jun 2021 See Footnote F1, F2
transaction MCAEU Common Stock Other -83,202 -5.4% 1,460,384 14 Jun 2021 See Footnote F2, F5

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 MCAEU Rights to purchase Common Stock Purchase +2,086 +1.9% 112,086 14 Jun 2021 Common Stock 208 $0.000000 See Footnote F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person acquired units, consisting of shares and rights.
F2 Shares owned by Mountain Crest Holdings III LLC, over which Suying Liu owns sole voting and dispositive power.
F3 The rights automatically convert into one-tenth (1/10) of a share of common stock upon the consummation of the registrant's initial business combination, as described in the registrant's prospectus filed with the SEC.
F4 Rights underlying the units owned by Mountain Crest Holdings III LLC, over which Suying Liu owns sole voting and dispositive power.
F5 On June 14, 2021, the underwriters of Mountain Crest Acquisition Corp III (the "Company") exercised the over-allotment option in part and canceled the remainder of the over-allotment option. In connection with the cancellation of the remainder of the over-allotment option, the Company has canceled an aggregate of 83,202 shares of common stock issued to Mountain Crest Holdings III LLC prior to its IPO and private placement.

Remarks:

This Form 4/A amends the Form 4 filed on June 16, 2021 to change the number of derivative securities beneficially owned following the reported transaction took place on June 14, 2021. Such change reflects the 110,000 rights that the reporting person previously acquired through Mountain Crest Holdings III LLC in a transaction that took place on May 20, 2021.