Jeffrey L. Berenson - Nov 12, 2021 Form 4 Insider Report for Berenson Acquisition Corp. I (BACA)

Role
Director, 10%+ Owner
Signature
/s/ Yuta N. Delarck, Attorney-in-Fact
Stock symbol
BACA
Transactions as of
Nov 12, 2021
Transactions value $
$0
Form type
4
Date filed
11/15/2021, 03:14 PM
Previous filing
Sep 30, 2021
Next filing
Mar 14, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BACA Class B Common Stock Other $0 -310K -5.97% $0.00 4.88M Nov 12, 2021 Class A Common Stock 310K See Footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B common stock have no expiration date and will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-259470) (the "Registration Statement").
F2 310,000 shares of Class B common stock were forfeited by Berenson SPAC Holdings I, LLC (the "Sponsor") to the Issuer at no cost in connection with the expiration of the remaining portion of the underwriters' over-allotment option, as described in the Registration Statement.
F3 This Form 4 is being filed by Jefferey Berenson. Mr. Berenson, the Issuer's Chairman of the Board of Directors, controls BAC Brigade Holdings, LLC, the managing member of the Sponsor. Accordingly, Mr. Berenson may be deemed to beneficially own such securities. Certain of the Issuer's other officers, directly or indirectly own membership interests in the Sponsor and, as a result thereof, hold direct or indirect economic interests in the Sponsor and pecuniary interests in certain of the securities held by the Sponsor. Each of Mr. Berenson and such other officers disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.