Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | GXO | Common Stock, par value $0.01 per share | 100 | Jul 21, 2021 | Direct | F1, F2 |
Id | Content |
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F1 | This Form 3 is being filed in connection with the SEC's declaration of effectiveness of the Registration Statement on Form 10 of GXO Logistics, Inc. ("GXO") which describes the planned separation of GXO from XPO Logistics, Inc. ("XPO"). |
F2 | Pursuant to GXO's certificate of incorporation (as amended), effective as of the close of business on the date set by resolution of the Board of Directors of XPO as the record date for distribution of shares of GXO's common stock to holders of XPO common stock (such time, the "Effective Time"), the 100 shares of GXO's common stock held by XPO prior to the Effective Time shall automatically by operation of law and without further action on the part of GXO or XPO, be subdivided and converted into a number of shares of validly issued, fully paid and non-assessable shares of GXO's common stock equal to the number of shares of common stock, par value $0.001, of XPO issued and outstanding, as of the Effective Time, multiplied by one (1). |