HOV Services Form 4 Exela / PAR CHADHA 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^*

CHADHA PAR

(Last)

(First)

(Middle)

8550 WEST DESERT INN ROAD, SUITE 102-452

(Street)

LAS VEGAS

89117

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2019

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

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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")⁽¹¹⁾	02/21/2020		C		61,900,770	D	⁽²⁾	9,394,306	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽¹¹⁾	02/21/2020		J⁽¹⁾		4,823,572	D	⁽¹⁾	4,570,734	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽¹¹⁾	02/21/2020		D		4,570,734	D	⁽²⁾	0	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽¹²⁾	02/21/2020		C		755,699	A	⁽²⁾	962,057	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽¹³⁾	02/21/2020		C		856,456	A	⁽²⁾	1,090,328	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽¹⁴⁾	02/21/2020		C		604,544	A	⁽²⁾	769,630	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽¹⁵⁾	02/21/2020		C		39,092,389	A	⁽²⁾	40,342,389	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽¹⁾⁽¹²⁾	02/21/2020		J⁽¹⁾		452,210	A	⁽¹⁾	1,414,267	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽¹⁾⁽¹³⁾	02/21/2020		J⁽¹⁾		494,416	A	⁽¹⁾	1,584,744	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽¹⁾⁽¹⁴⁾	02/21/2020		J⁽¹⁾		343,679	A	⁽¹⁾	1,113,309	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽³⁾⁽¹⁵⁾	02/26/2020		J⁽³⁾		39,832,425	D	⁽³⁾	509,964	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽³⁾⁽¹²⁾	02/26/2020		J⁽³⁾		15,722,102	A	⁽³⁾	17,136,369	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽³⁾⁽¹³⁾	02/26/2020		J⁽³⁾		12,554,074	A	⁽³⁾	14,138,818	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock⁽³⁾⁽¹⁴⁾	02/26/2020		J⁽³⁾		1,768,590	A	⁽³⁾	2,881,899	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Common Stock								78,244	D
Common Stock								46,500	I	See Footnotes⁽⁴⁾⁽¹⁶⁾

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⁽¹⁵⁾	$0.31⁽⁵⁾	07/03/2019		P		2,000		⁽⁶⁾	⁽⁶⁾	Common Stock	6,068,362	$1,000	2,000	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Exchangeable Preferred Interests⁽¹⁵⁾	$0.31⁽⁵⁾	12/24/2019		P		18,470.14		⁽⁶⁾	⁽⁶⁾	Common Stock	56,041,749	$1,000	20,470.14	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Exchangeable Preferred Interests⁽¹²⁾	$0.31⁽⁵⁾	02/21/2020		C			249.06	⁽⁶⁾	⁽⁶⁾	Common Stock	755,699	⁽²⁾	146.65	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Exchangeable Preferred Interests⁽¹³⁾	$0.31⁽⁵⁾	02/21/2020		C			199.24	⁽⁶⁾	⁽⁶⁾	Common Stock	856,456	⁽²⁾	117.32	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Exchangeable Preferred Interests⁽¹⁴⁾	$0.31⁽⁵⁾	02/21/2020		C			282.27	⁽⁶⁾	⁽⁶⁾	Common Stock	604,544	⁽²⁾	166.2	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Exchangeable Preferred Interests⁽¹⁵⁾	$0.31⁽⁵⁾	02/21/2020		C			12,884	⁽⁶⁾	⁽⁶⁾	Common Stock	39,092,389	⁽²⁾	7,586	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Series A Convertible Preferred Stock⁽¹⁵⁾	$1.2226	02/21/2020		J⁽¹⁾			273,475	⁽⁷⁾	⁽⁷⁾	Common Stock	334,351	⁽¹⁾	2,395,758	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Series A Convertible Preferred Stock⁽¹¹⁾	$1.2226	02/21/2020		C			2,395,758	⁽⁷⁾	⁽⁷⁾	Common Stock	2,929,054	⁽²⁾	0	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Series A Convertible Preferred Stock⁽¹²⁾	$1.2226	02/21/2020		J⁽¹⁾		25,638		⁽⁷⁾	⁽⁷⁾	Common Stock	31,345	⁽¹⁾	25,638	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Series A Convertible Preferred Stock⁽¹³⁾	$1.2226	02/21/2020		J⁽¹⁾		28,031		⁽⁷⁾	⁽⁷⁾	Common Stock	34,271	⁽¹⁾	28,031	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Series A Convertible Preferred Stock⁽¹⁴⁾	$1.2226	02/21/2020		J⁽¹⁾		19,485		⁽⁷⁾	⁽⁷⁾	Common Stock	23,822	⁽¹⁾	19,485	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Series A Convertible Preferred Stock⁽¹²⁾	$1.2226	02/21/2020		C		29,248		⁽⁷⁾	⁽⁷⁾	Common Stock	35,759	⁽²⁾	54,886	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Series A Convertible Preferred Stock⁽¹³⁾	$1.2226	02/21/2020		C		33,149		⁽⁷⁾	⁽⁷⁾	Common Stock	40,528	⁽²⁾	61,180	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Series A Convertible Preferred Stock⁽¹⁴⁾	$1.2226	02/21/2020		C		23,398		⁽⁷⁾	⁽⁷⁾	Common Stock	28,606	⁽²⁾	42,883	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Series A Convertible Preferred Stock⁽¹⁵⁾	$1.2226	02/21/2020		C		1,513,000		⁽⁷⁾	⁽⁷⁾	Common Stock	1,849,794	⁽²⁾	1,513,000	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Series A Convertible Preferred Stock⁽¹⁵⁾	$1.2226	02/26/2020		J⁽⁷⁾			1,493,638	⁽⁷⁾	⁽⁷⁾	Common Stock	1,826,121	⁽³⁾	19,362	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Series A Convertible Preferred Stock⁽¹³⁾	$1.2226	02/26/2020		J⁽⁷⁾		1,164,872		⁽⁷⁾	⁽⁷⁾	Common Stock	1,424,173	⁽³⁾	1,226,052	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Series A Convertible Preferred Stock⁽¹⁴⁾	$1.2226	02/26/2020		J⁽⁷⁾		69,714		⁽⁷⁾	⁽⁷⁾	Common Stock	85,232	⁽³⁾	112,597	I	See Footnotes⁽⁴⁾⁽¹⁶⁾
Restricted Stock Units⁽⁸⁾	⁽⁹⁾							⁽⁸⁾	⁽⁸⁾	Common Stock	12,324		12,324	D
Restricted Stock Units⁽¹⁰⁾	⁽⁹⁾							⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	59,574		59,574	D

1. Name and Address of Reporting Person^*

CHADHA PAR

(Last)

(First)

(Middle)

8550 WEST DESERT INN ROAD, SUITE 102-452

(Street)

LAS VEGAS

89117

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

HOV Capital III LLC

(Last)

(First)

(Middle)

8550 WEST DESERT INN ROAD, SUITE 102-452

(Street)

LAS VEGAS

89117

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Adesi 234 LLC

(Last)

(First)

(Middle)

8550 WEST DESERT INN ROAD, SUITE 102-452

(Street)

LAS VEGAS

89117

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

hof 2 llc

(Last)

(First)

(Middle)

8550 WEST DESERT INN ROAD, SUITE 102-452

(Street)

LAS VEGAS

89117

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

HOVS LLC

(Last)

(First)

(Middle)

8550 WEST DESERT INN ROAD, SUITE 102-452

(Street)

LAS VEGAS

89117

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

HOV Services Ltd

(Last)

(First)

(Middle)

8550 WEST DESERT INN ROAD, SUITE 102-452

(Street)

LAS VEGAS

89117

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

HandsOn Fund 4 I, LLC

(Last)

(First)

(Middle)

8550 WEST DESERT INN ROAD, SUITE 102-452

(Street)

LAS VEGAS

89117

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

HandsOn Global Management, LLC

(Last)

(First)

(Middle)

8550 WEST DESERT INN ROAD, SUITE 102-452

(Street)

LAS VEGAS

89117

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

HandsOn 3, LLC

(Last)

(First)

(Middle)

8550 WEST DESERT INN ROAD, SUITE 102-452

(Street)

LAS VEGAS

89117

(City)

(State)

(Zip)

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

8. See Exhibit 99.1

9. See Exhibit 99.1

10. See Exhibit 99.1

11. Shares directly owned by Ex-Sigma

12. Shares directly owned by HOVS

13. Shares directly owned by HOF 2

14. Shares directly owned by Adesi

15. Shares directly owned by HGM.

16. Following the transactions reported on this Form 4, HOVS directly owns 17,136,369 shares of Common Stock and 54,886 shares of Preferred Stock. HOF 2 directly owns 14,138,818 shares of Common Stock and 1,226,051 shares of Preferred Stock. Adesi directly owns 2,881,899 shares of Common Stock and 112,597 shares of Preferred Stock. HOF 3 directly owns 46,500 shares of Common Stock. HGM directly owns 509,964 shares of common stock and 19,362 shares of Preferred Stock

Remarks:

Exhibit List: Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filers' Names and Addresses Exhibit 99.3 - Joint Filers' Signatures

	/s/ Par Chadha	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.

HOV Services Form 4Exela / PAR CHADHA ownership change