Key facts
- This page summarizes Srinivasan Murali's Form 4 filing for Exela Technologies, Inc. (XELA).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 16 Mar 2022, 17:49.
Srinivasan Murali - 11 Mar 2022 Form 4 Insider Report for Exela Technologies, Inc. (XELA)
- Reporting relationship
- President, Americas and APAC
- Issuer ticker
- XELA
- Reported as of
- 11 Mar 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 16 Mar 2022, 17:49:54 UTC
- Prior SEC filing
- 08 Mar 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Srinivasan Murali
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Srinivasan Murali filed Form 4 for Exela Technologies, Inc. (XELA) on 16 Mar 2022.
Change
- Previous filing in this sequence was filed on 08 Mar 2022.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
XELA
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -33,620
- Change %
- -28%
- Price
- Shares after
- 84,357
- Date
- 11 Mar 2022
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
XELA
transaction
Derivative
6.00% Series B Cumulative Convertible Perpetual Pref. Stock
Award
- Transaction value
- Shares
- +1,681
- Change %
- Price
- Shares after
- 1,681
- Date
- 11 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 33,620
- Exercise price
- $1.25
- 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
On March 11, 2022, the Issuer completed an offer to exchange shares of its Common Stock for its 6.00% Series B Cumulative Convertible Perpetual Preferred Stock (the "Series B Preferred Stock"), with each 20 shares of Common Stock being exchangeable in the Offer for one share of Series B Preferred Stock having a liquidation preference of $25.00 per share of Series B Preferred Stock (an effective price of $1.25 per share of Common Stock). For purposes of the exemption under Rule 16b-3 promulgated under the Exchange Act, the board of directors of the Issuer approved the transactions contemplated by this Form 4.
Footnote F2
Holders of the Issuer's Series B Preferred Stock have the option to convert some or all of their shares of Series B Preferred Stock initially into shares of Common Stock at a Conversion Price of $1.25 (subject to adjustment in certain events). In addition, if at any time the Five-Day VWAP of the Issuer's Common Stock exceeds the Conversion Price, the Issuer will have the option to convert all outstanding shares of Series B Preferred Stock into shares of Common Stock at the Conversion Price of $1.25. The Series B Preferred Stock has no maturity date.
Footnote F3
A liquidation preference of $25.00 per share of Series B Preferred Stock means an effective price of $1.25 per share of Common Stock tendered in the Offer.
SEC remarks
See Exhibit 99.1 Exhibit List: Exhibit 99.1 - Explanation of Responses