FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

WATSON E J

2. Date of Event Requiring Statement (MM/DD/YYYY)
10/22/2007 

3. Issuer Name and Ticker or Trading Symbol

Triplecrown Acquisition Corp. [TCW]

(Last)        (First)        (Middle)

TRIPLECROWN ACQUISITION CORP., 970 WEST BROADWAY, PMB 402

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                            ___ X ___ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
Chairman and Treasurer /

(Street)

JACKSON, WY 83001       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   (1) 6630000   I   Held by Summit Trust   (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants   (1)   (3) 10/21/2012   Common Stock   6630000   $7.50   I   Held by Summit Trust   (2)
Warrants   (4)   (5) 10/21/2012   Common Stock   2500000   $7.50   D  
 

Explanation of Responses:
( 1)  These securities are included in units, each unit consisting of one share of common stock and one warrant each to purchase one share of common stock. Includes up to 864,783 units which are subject to forfeiture to the extent that the underwriters' over-allotment option in the Issuer's initial public offering is not exercised in full or expires unexercised.
( 2)  Summit Trust is a trust established for the benefit of Mr. Watson and his beneficiaries.
( 3)  The warrants will become exercisable after the consummation of the Issuer's initial business combination if and when the last sales price of the Issuer's common stock exceeds $13.75 per share for any 20 trading days within any 30-trading day period beginning 90 days after the Issuer's initial business combination.
( 4)  These warrants will be purchased by Mr. Watson simultaneously with the consummation of the Issuer's initial public offering.
( 5)  The warrants will become exercisable upon the later of the completion of the Issuer's initial business combination and October 22, 2008.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WATSON E J
TRIPLECROWN ACQUISITION CORP.
970 WEST BROADWAY, PMB 402
JACKSON, WY 83001
X X Chairman and Treasurer

Signatures
/s/ Eric J. Watson 10/22/2007
** 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 5(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 control number.
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