Exela Form 4 / Ronald Clark Cogburn ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Cogburn Ronald Clark

(Last)

(First)

(Middle)

C/O EXELA TECHNOLOGIES, INC.,

2701 E. GRAUWYLER RD.

(Street)

IRVING

75061

(City)

(State)

(Zip)

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
X	Officer (give title below)	Other (specify below)
Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/22/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.0001 per share (''Common Stock'')⁽¹⁾	02/21/2020		J⁽¹⁾		30,147	A	⁽¹⁾	99,885	D
Common Stock⁽²⁾	02/21/2020		C		226,980	A	⁽²⁾	326,865	D
Common Stock⁽³⁾	02/26/2020		J⁽³⁾		32,430	A	⁽³⁾	359,295	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Exchangeable Preferred Interests⁽²⁾	$1.21	10/22/2019		J⁽⁵⁾		355.56		⁽²⁾	⁽²⁾	Common Stock	533,608	⁽⁵⁾	355.56	D
Series A Convertible Preferred Stock⁽¹⁾⁽⁴⁾	$1.2226⁽⁴⁾	02/21/2020		J⁽¹⁾		1,709		⁽⁴⁾	⁽⁴⁾	Common Stock	2,089	⁽¹⁾	1,709	D
Series A Convertible Preferred Stock⁽²⁾⁽⁴⁾	$1.2226⁽⁴⁾	02/21/2020		C		1,950		⁽⁴⁾	⁽⁴⁾	Common Stock	2,384	⁽²⁾	3,659	D
Exchangeable Preferred Interests⁽²⁾	$0.31	02/21/2020		C			16.6	⁽²⁾	⁽²⁾	Common Stock	50,379	⁽²⁾	9.78	D
Exchangeable Preferred Interests⁽²⁾	$1.21	02/21/2020		C			223.78	⁽²⁾	⁽²⁾	Common Stock	176,601	⁽²⁾	131.78	D
Series A Convertible Preferred Stock⁽²⁾⁽⁴⁾	$1.2226⁽⁴⁾	02/26/2020		C		6,835		⁽⁴⁾	⁽⁴⁾	Common Stock	8,356	⁽³⁾	10,494	D
Stock Option (Right to Buy)	$5.98							⁽⁶⁾	08/31/2028	Common Stock	111,000		111,000	D
Stock Option (Right to Buy)	$1.3							⁽⁷⁾	08/26/2029	Common Stock	111,000		111,000	D

Explanation of Responses:

1. See Exhibit 99.1

2. See Exhibit 99.1

3. See Exhibit 99.1

4. See Exhibit 99.1

5. See Exhibit 99.1

6. See Exhibit 99.1

7. See Exhibit 99.1

Remarks:

See Exhibit 99.1.

	By: /s/ Ronald Cogburn	02/25/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Exela (XELA) Form 4Exela / Ronald Clark Cogburn ownership change