Corre Partners Management, LLC - 16 Jun 2021 Form 4 Insider Report for Horizon Global Corp (HZN)

Role
Director, Other*
Signature
/s/ Paula Reno, Attorney-in-Fact
Issuer symbol
HZN
Transactions as of
16 Jun 2021
Transactions value $
$0
Form type
4
Filing time
21 Jun 2021, 16:53:27 UTC
Previous filing
17 May 2021
Next filing
13 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HZN Common Stock Award $0 +8.19K $0.00 8.19K 16 Jun 2021 See Footnote F1
transaction HZN Common Stock Gift $0 -8.19K -100% $0.00* 0 16 Jun 2021 See Footnote F1, F2
transaction HZN Common Stock Gift $0 +8.19K +0.39% $0.00 2.11M 16 Jun 2021 See Footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a grant of restricted stock units ("RSUs") as director compensation to John Barrett, a managing partner of Corre Partners Management, LLC ("Corre"). Mr. Barrett currently serves on the board of directors of the Issuer, and Corre may be deemed to be a director by deputization of the Issuer.
F2 Mr. Barrett transferred 6,418 restricted stock units to Corre Opportunities Qualified Master Fund, LP, and 1,770 restricted stock units to Corre Horizon Fund, LP, clients of Corre, immediately following the grant thereof.
F3 The reported securities are directly owned by clients of Corre. The securities may be deemed to be beneficially owned by Corre because Corre serves as the investment manager to each such client. Corre disclaims any beneficial ownership of such securities in excess of its actual pecuniary interest.

Remarks:

Corre may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934 by virtue of the fact that John Barrett, a managing partner of Corre, currently serves on the board of directors of the Issuer.