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ATCX Atlas Technical Consultants Inc

12.25
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Atlas Technical Consultants Inc NASDAQ:ATCX NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 12.25 12.25 13.29 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

27/08/2020 6:49pm

Edgar (US Regulatory)


FORM 4 [ ] 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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

PTE Holdings, Inc.
2. Issuer Name and Ticker or Trading Symbol

ATLAS TECHNICAL CONSULTANTS, INC. [ ATCX ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

3989 HWY 290 E, 
3. Date of Earliest Transaction (MM/DD/YYYY)

8/25/2020
(Street)

DRIPPING SPRINGS, TX 78620
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class B Common Stock 8/25/2020  S  2187500 D$7.47 (1)189962 D (2)(3) 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Atlas TC Holdings LLC Units $7.47 (1)(4)8/25/2020  S     2187500  8/14/2020 (4) (4)Class A Common Stock 2187500 (1)(4)$7.47 (1)189962 D  

Explanation of Responses:
(1) PTE Holdings, Inc. ("PTE Holdings") sold 2,187,500 shares of the issuer's Class B Common Stock and 2,187,500 units of Atlas TC Holdings LLC ("Atlas Holdings") in a private transaction for aggregate consideration of $16,350,000.
(2) PTE Holdings is managed by David Miller. As a result, Mr. Miller may be deemed to have beneficial ownership of the shares held by PTE Holdings.
(3) Each of the Reporting Persons disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 (the "Exchange Act"), each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the securities reported herein for purposes of Section 16 of the Exchange Act or for any other purpose.
(4) The amended and restated limited liability company agreement (the "LLC Agreement") of Atlas Holdings, dated February 14, 2020, provides that certain members of Atlas Holdings that own units in Atlas Holdings (the "Holdings Units"), upon expiration of the lock-up period, ending on August 14, 2020, will have the right to cause Atlas Holdings to redeem from time to time, all or a portion of such member's Holdings Units (together with an equal number of shares of Class B common stock of the Issuer) for either (x) the delivery by Holdings of a number of shares of Class A common stock of the issuer equal to the number of Holdings Units surrendered or (y) at Atlas Holdings' election made in accordance with the LLC Agreement, the delivery by Atlas' Holdings of cash equal to the Cash Election Amount (as defined in the LLC Agreement) calculated with respect to such redemption.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
PTE Holdings, Inc.
3989 HWY 290 E
DRIPPING SPRINGS, TX 78620

X

Miller David L
C/O ATLAS TECHNICAL CONSULTANTS, INC.
8801 CALERA DRIVE
AUSTIN, TX 78735


Chief Strategy Officer

Signatures
PTE Holdings, Inc.8/27/2020
**Signature of Reporting PersonDate

David L. Miller8/27/2020
**Signature of Reporting PersonDate

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