Sec Form 4 Filing - JS Capital Management LLC @ Ranpak Holdings Corp. - 2020-09-04

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
JS Capital Management LLC
2. Issuer Name and Ticker or Trading Symbol
Ranpak Holdings Corp. [ PACK]
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)
888 SEVENTH AVENUE, 40TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
09/04/2020
(Street)
NEW YORK, NY10106
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 A Common Stock 09/04/2020 P 773,276 A 29,976,911 ( 3 ) I See footnote ( 1 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Warrants $ 11.5 09/04/2020 S 3,514,894 07/03/2019 06/03/2024 Class A common stock 3,514,894 ( 2 ) 0 I See footnote ( 1 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JS Capital Management LLC
888 SEVENTH AVENUE
40TH FLOOR
NEW YORK, NY10106
X
SOROS JONATHAN T ALLAN
888 SEVENTH AVE
40TH FLOOR
NEW YORK, NY10106
X
Signatures
/s/ Richard Holahan, VP, JSCM 09/09/2020
Signature of Reporting Person Date
/s/ Jonathon Soros 09/09/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )All of the securities reported herein are held for the account of JS Capital LLC, a Delaware limited liability company ("JSC"). JS Capital Management LLC ("JSCM") is the sole managing member of JSC. Jonathan Soros is the sole managing member of JSCM.
( 2 )The Reporting Persons acquired 773,276 shares of Class A common in exchange for warrants to purchase 3,514,894 shares of Class A common, in an issuer exchange offer.
( 3 )Includes 2,636,170 shares of Class A common that are subject to forfeiture if certain earnout targets are not met.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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