Sec Form 4 Filing - Crescent Park Management, L.P. @ Genesis Park Acquisition Corp. - 2021-06-02

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
Crescent Park Management, L.P.
2. Issuer Name and Ticker or Trading Symbol
Genesis Park Acquisition Corp. [ GNPK]
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)
1900 UNIVERSITY AVENUE, SUITE 501
3. Date of Earliest Transaction (MM/DD/YY)
06/02/2021
(Street)
EAST PALO ALTO, CA94303
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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 Ordinary Shares 06/02/2021 P 7,859 A $ 10.0358 2,554,984 I See Notes 1 and 2 ( 1 ) ( 2 )
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
Equity Swap (obligation to buy) $ 1.5696 06/02/2021 J/K( 3 ) 1 06/01/2023 06/01/2023 Warrant ( 4 ) 4,330 ( 3 ) 1 I See Notes 1 and 2 ( 1 ) ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Crescent Park Management, L.P.
1900 UNIVERSITY AVENUE, SUITE 501
EAST PALO ALTO, CA94303
X
Signatures
Doug Edwards, Chief Financial Officer of Crescent Park Management, L.P. 06/04/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting persons are Crescent Park Management, L.P. ("Crescent Park"), Crescent Park GP, LLC ("Crescent Park GP") and Eli D. Cohen. Crescent Park is the investment adviser of investment funds (the "Funds"), and Crescent Park GP is the general partner of the Funds. Mr. Cohen is the control person of Crescent Park and Crescent Park GP. Crescent Park is filing this report for itself and the other reporting persons. The reporting persons are filing this Form 4 jointly, but not as a group, and each expressly disclaims membership in a group within the meaning of Rule 13d-5(b) under the Securities Exchange Act of 1934.
( 2 )The Funds hold the securities reported herein directly for the benefit of their investors. Crescent Park and Crescent Park GP indirectly beneficially own the securities reported herein as the investment adviser and general partner, respectively, of the Funds. Mr. Cohen indirectly beneficially owns the securities reported herein as the control person of Crescent Park and Crescent Park GP. The reporting persons disclaim beneficial ownership of such securities except to the extent of their pecuniary interest in them.
( 3 )On June 2, 2021, the reporting persons entered into an equity swap agreement with a securities broker under which, upon expiration of the two-year term of agreement, either (1) the broker will be required to pay to the reporting persons an amount representing the price of a warrant of the Issuer at the time of expiration, less $1.5696, multiplied by 4,330 warrants, less accrued broker financing charges or (2) the reporting persons will be required to pay to the broker an amount representing $1.5696 less the price of a warrant of the Issuer at the time of expiration, multiplied by 4,330 warrants, plus accrued broker financing charges.
( 4 )Each warrant entitles the holder to purchase one Class A ordinary share of the Issuer at a price of $11.50 per share, becomes exercisable on the later of 30 days after the completion of the Issuer's initial business combination and November 27, 2021, and expires five years after the completion of the Issuer's initial business combination or earlier upon redemption of the warrants or liquidation of the Issuer.

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