Paul Bascobert - Dec 2, 2021 Form 3 Insider Report for Blue Ocean Acquisition Corp (BOCN)

Role
Chief Executive Officer, Director
Signature
/s/ Stuart Karle, Attorney-in-Fact for Paul Bascobert
Stock symbol
BOCN
Transactions as of
Dec 2, 2021
Transactions value $
$0
Form type
3
Date filed
12/2/2021, 07:22 PM
Next filing
Dec 9, 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
holding BOCN Class B Ordinary Shares Dec 2, 2021 Class A Ordinary Shares 4.5M 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 The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination on a one-for-one basis, subject to adjustment, and have no expiration date.
F2 Includes up to 618,750 shares that are subject to forfeiture, for no consideration, after the closing of the Issuer's initial public offering depending on the extent to which the underwriter's option to purchase additional units is exercised.
F3 These Class B ordinary shares are held directly by Blue Ocean Sponsor LLC ("Sponsor"). The Reporting Person is a manager of Sponsor. As such, the Reporting Person may be deemed to have beneficial ownership of the Class B ordinary shares held directly by Sponsor. The Reporting Person disclaims beneficial ownership over any securities owned by Sponsor in which he does not have any pecuniary interest.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney