Paul J. Bascobert - 07 Dec 2021 Form 4 Insider Report for Blue Ocean Acquisition Corp

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: N/A
Reported as of: 07 Dec 2021
Net transaction value: -$1,015
SEC form: 4
Accepted by SEC: 09 Dec 2021, 15:16:59 UTC
Prior SEC filing: 02 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ Stuart Karle, Attorney-in-Fact for Paul Bascobert

Key filing fact

Paul J. Bascobert filed Form 4 for Blue Ocean Acquisition Corp on 09 Dec 2021.

Key facts

This page summarizes Paul J. Bascobert's Form 4 filing for Blue Ocean Acquisition Corp.
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 09 Dec 2021, 15:16.

Change

Previous filing in this sequence was filed on 02 Dec 2021.
Current net transaction value: -$1,015.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BOCN transaction Derivative

Class B Ordinary Shares

Disposed to Issuer

Transaction value: $1,015
Shares: -175,000
Change %: -3.9%
Price: $0.005800^*
Shares after: 4,328,750
Date: 07 Dec 2021
Ownership: See Footnote
Underlying class: Class A Ordinary Shares
Underlying amount: 175,000
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote F2

These Class B ordinary shares were surrendered back to the Issuer and cancelled.

Footnote 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.