Statement of Changes in Beneficial Ownership (4)
December 31 2020 - 06:07PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * Akins Martin
P. |
2. Issuer Name and Ticker or Trading
Symbol Exela Technologies, Inc. [ XELA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
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(Last)
(First)
(Middle)
C/O EXELA TECHNOLOGIES, INC.,, 2701 E. GRAUWYLER
RD. |
3. Date of Earliest Transaction (MM/DD/YYYY)
12/29/2020
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(Street)
IRVING,, TX 75061
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
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1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
12/29/2020 |
|
M |
|
76995 |
A |
(1) |
76995 |
D |
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Restricted Stock Units |
(1) |
12/29/2020 |
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M |
|
|
39683 |
(2) |
(2) |
Common Stock |
39683 |
$0 |
79364 |
D |
|
Restricted Stock Units |
(1) |
12/29/2020 |
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M |
|
|
37312 |
(3) |
(3) |
Common Stock |
37312 |
$0 |
0 |
D |
|
Explanation of
Responses: |
(1) |
Each restricted stock unit
represents the right to receive, following vesting, one share of
Common Stock. |
(2) |
On August 13, 2019, the
reporting person was granted 119,047 restricted stock units as
non-employee director equity compensation pursuant to the terms and
conditions of the Company's Director Compensation Policy and 2018
Stock Incentive Plan. The remainder of this award will vest in
equal installments immediately prior to each of the 2021 and 2022
annual meetings of the Company. |
(3) |
On August 13, 2019, the
reporting person was granted 37,312 restricted stock units as
non-employee director equity compensation pursuant to the terms and
conditions of the Company's Director Compensation Policy and 2018
Stock Incentive Plan. This award has vested in full and such vested
restricted stock units settled for shares of Common
Stock. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Akins Martin P.
C/O EXELA TECHNOLOGIES, INC.,
2701 E. GRAUWYLER RD.
IRVING,, TX 75061 |
X |
|
|
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Signatures
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/s/ Martin P. Akins |
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12/31/2020 |
**Signature of
Reporting Person |
Date |