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*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol Saban Capital Acquisition Corp. [ SCAC ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 3. Date of Earliest Transaction (Month/Day/Year) 03/16/2017 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Class F ordinary shares | (1) | 03/16/2017 | S | 7,500(1) | (1) | (1) | Class A ordinary shares | 7,500(1) | $0.004 | 6,037,070 | D(2) | ||||
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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| Explanation of Responses: |
| 1. The Class F ordinary shares are convertible for the Class A ordinary shares of Saban Capital Acquisition Corp. (the "Issuer") as described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-213259) and have no expiration date. |
| 2. The Class F ordinary shares are held directly by Saban Sponsor LLC (the "Sponsor"). Haim Saban and his spouse, Cheryl Saban, share voting and dispositive power over the founder shares held by the Sponsor as a result of being the co-trustees of Alpha Family Trust (the "Trust"), which is the sole shareholder of SCG Investment Holdings, Inc. ("SCG Investments"), the sole shareholder of Saban Capital Group, Inc. ("SCG"), the general partner of HSAC Investments LP ("HSAC"), which controls the Sponsor. Each of Haim Saban, Cheryl Saban, the Trust, SCG Investments, SCG and HSAC disclaims beneficial ownership of the Class F ordinary shares except to the extent of his, her or its pecuniary interest therein. |
| Remarks: |
| /s/ Adam Chesnoff, as attorney-in-fact for Saban Sponsor LLC | 03/20/2017 | |
| /s/ Adam Chesnoff, as attorney-in-fact for HSAC Investments LP | 03/20/2017 | |
| /s/ Adam Chesnoff, as attorney-in-fact for Alpha Family Trust | 03/20/2017 | |
| /s/ Adam Chesnoff, as attorney-in-fact for Saban Capital Group, Inc. | 03/20/2017 | |
| /s/ Adam Chesnoff, as attorney-in-fact for SCG Investment Holdings, Inc. | 03/20/2017 | |
| /s/ Adam Chesnoff, as attorney-in-fact for Cheryl Saban | 03/20/2017 | |
| /s/ Adam Chesnoff, as attorney-in-fact for Haim Saban | 03/20/2017 | |
| ** 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. | ||