Statement of Changes in Beneficial Ownership (4)
13 August 2020 - 8:18AM
Edgar (US Regulatory)
FORM 4
[X]
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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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
*
Gores Sponsor III LLC |
2. Issuer Name and Ticker or Trading Symbol
PAE Inc
[
PAE
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
9800 WILSHIRE BLVD. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/12/2020 |
(Street)
BEVERLY HILLS, CA 90212
(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)
___ Form filed by One Reporting Person
_
X
_ Form filed by More than One Reporting Person
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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)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock, par value $0.0001 per share | 8/12/2020 | | J(1) | | 6003426 | D | (1) | 0 | D | |
Class A Common Stock, par value $0.0001 per share | 8/12/2020 | | J(1)(2) | | 3954790 | A | (1) | 5924737 | I | See footnote (1)(2)(3) |
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 |
Explanation of Responses: |
(1) | Gores Sponsor III, LLC ("Sponsor") made an in-kind distribution of 6,003,426 shares of Class A common stock ("Shares") of PAE Incorporated (the "Issuer"). AEG Holdings, LLC ("AEG") is the managing member of Sponsor. Alec
Gores is the managing member of AEG. As such, Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by AEG and Sponsor. |
(2) | Of the 6,003,426 Shares distributed by Sponsor described in footnote 1 above, AEG received 3,954,790 Shares in the distribution-in-kind. |
(3) | Because of the relationship among the reporting persons, the reporting persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of such reporting person's pecuniary interest therein, if any. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the reporting persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Gores Sponsor III LLC 9800 WILSHIRE BLVD. BEVERLY HILLS, CA 90212 | X | X |
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AEG Holdings, LLC 9800 WILSHIRE BLVD. BEVERLY HILLS, CA 90212 | X | X |
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Gores Alec E 9800 WILSHIRE BLVD. BEVERLY HILLS, CA 90212 | X | X |
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Signatures
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Gores Sponsor III LLC, By: Andrew McBride, Attorney-in-Fact | | 8/12/2020 |
**Signature of Reporting Person | Date |
AEG Holdings, LLC, By: Andrew McBride, Attorney-in-Fact | | 8/12/2020 |
**Signature of Reporting Person | Date |
Alec Gores, By: Andrew McBride, Attorney-in-Fact | | 8/12/2020 |
**Signature of Reporting Person | Date |
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