Sec Form 4 Filing - SECURITY BENEFIT LIFE INSURANCE CO /KS/ @ Zanite Acquisition Corp. - 2021-01-21

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
SECURITY BENEFIT LIFE INSURANCE CO /KS/
2. Issuer Name and Ticker or Trading Symbol
Zanite Acquisition Corp. [ ZNTE]
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)
ONE SECURITY BENEFIT PLACE
3. Date of Earliest Transaction (MM/DD/YY)
01/21/2021
(Street)
TOPEKA, KS66636
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 ( 1 ) 01/21/2021 S 14,575 D $ 14 2,485,425 D ( 3 )
Class A Common Stock ( 1 ) 02/01/2021 J( 2 ) V 2,485,425 A $ 10 2,485,425 D ( 3 )
Class A Common Stock 02/01/2021 S 20,123 D $ 12.7049 2,465,302 D ( 3 )
Class A Common Stock 02/17/2021 S 25,000 D $ 12.61 2,440,302 D ( 3 )
Class A Common Stock 02/17/2021 S 62,512 D $ 12.4311 2,377,790 D ( 3 )
Class A Common Stock 02/19/2021 S 75,000 D $ 12.701 2,302,790 D ( 3 )
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SECURITY BENEFIT LIFE INSURANCE CO /KS/
ONE SECURITY BENEFIT PLACE
TOPEKA, KS66636
X
Triple8, LLC
ONE SECURITY BENEFIT PLACE
TOPEKA, KS66636
X
Eldridge Industries, LLC
600 STEAMBOAT ROAD, FLOOR 2
GREENWICH, CT06830
X
Boehly Todd L
600 STEAMBOAT ROAD, FLOOR 2
GREENWICH, CT06830
X
Signatures
Security Benefit Life Insurance Company, By: /s/ Joseph Wittrock, Senior Vice President and Chief Investment Officer 02/24/2021
Signature of Reporting Person Date
Triple8, LLC By: /s/ Joseph Wittrock, Manager and Vice President 02/24/2021
Signature of Reporting Person Date
Eldridge Industries, LLC, By: /s/ Todd Boehly, Authorized Signatory 02/24/2021
Signature of Reporting Person Date
/s/ Todd L. Boehly 02/24/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reported securities are included within 2,485,425 Units of Zanite Acquisition Corp. (the "Company") purchased by the reporting person for $10.00 per Unit. Each Unit consists of one share of Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50, subject to certain adjustments. The warrants will become exercisable on the later of 30 days after the completion of the Company's initial business combination or 12 months from the closing of the Issuer's initial public offering.
( 2 )2,485,425 units previously held by Security Benefit Life Insurance Company ("SBLI") were transferred to Triple8, LLC ("Trible8"), which is a sister company of SBLI (SBLI and Trible8 are both indirect subsidiaries of Eldridge Industries, LLC ("Eldridge")), at a price for $10.00 per Unit (the "Transfer"). The Transfer is an exempt transaction pursuant to Securities and Exchange Act Rule 16a-13 as a mere change in form of ownership. Following the Transfer, these Units are held directly by Trible8, and SBLI is no longer a reporting person.
( 3 )Trible8 is indirectly controlled by Eldridge. Todd L. Boehly is the indirect controlling member of Eldridge, and in such capacity, may be deemed to have voting and dispositive power with respect to the shares. Eldridge and Mr. Boehly disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.

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