Form Type: 4

SEC EDGAR Link
Accession Number:0001657853-21-000055
Date:2021-06-30
Issuer: HERTZ GLOBAL HOLDINGS, INC (HTZGQ)
Original Submission Date:

Reporting Person:

SHEEHAN KEVIN M
HERTZ GLOBAL HOLDINGS, INC.
8501 WILLIAMS ROAD ESTERO, FL 33928

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-06-30 D 33,121 d $0.00 0 direct
NEW COMMON STOCK 2021-06-30 A 2,996 a $0.00 2,996 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
WARRANT (RIGHT TO BUY) 13.8 2021-06-30 deemed execution date A 21,372 (a) 2021-06-30 2050-06-30 new common stock 0 $13.80 21,372 direct
Footnotes
IDfootnote
f1 on may 22, 2020, hertz global holdings, inc. (the "issuer") and certain of its u.s. subsidiaries, (collectively, with the issuer, the "debtors"), filed voluntary petitions in the united states bankruptcy court for the district of delaware (the "bankruptcy court") seeking relief under the provisions of chapter 11 of title 11 of the united states bankruptcy code. on june 10, 2021, the bankruptcy court entered an order confirming the debtors' second modified third amended joint chapter 11 plan of reorganization (as amended, modified or supplemented from time to time, the "plan"), and on june 30, 2021 (the "effective date"), the plan became effective pursuant to its terms and the debtors emerged from bankruptcy.
f2 on the effective date, all of the company's previously outstanding shares of common stock ("old common stock"), including options, warrants, rights, restricted stock units or other securities or agreements to acquire such common stock, were cancelled and extinguished pursuant to the plan.
f3 pursuant to the terms of the plan, on the effective date all holders of the old common stock received, in the aggregate, (i) $1.53 per share; and (ii) their pro rata share of common stock ("new common stock") representing 3% of the shares of the reorganized company (subject to dilution for warrants and a new management incentive plan).
f4 pursuant to the terms of the plan, on the effective date, certain holders, including the reporting person, received a distribution of 30-year warrants for 18% of the shares of new common stock of the reorganized company (subject to dilution by the issuance of shares pursuant to a new management incentive plan) with an exercise price based on a total equity value of $6.5 billion.
f5 the 30-year warrants expire on june 30, 2051. for technical reasons, this form 4 displays a date of june 30, 2050, which should be read as june 30, 2051.
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