Sec Form 3 Filing - Signal Hill Acquisition Sponsor LLC @ Signal Hill Acquisition Corp. - 2022-02-11

Insider filing report for Changes in Beneficial Ownership
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FORM 3
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
Signal Hill Acquisition Sponsor LLC
2. Issuer Name and Ticker or Trading Symbol
Signal Hill Acquisition Corp. [ SGHL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
See Remarks
(Last) (First) (Middle)
2810 N. CHURCH STREET, SUITE 94644
3. Date of Earliest Transaction (MM/DD/YY)
02/11/2022
(Street)
WILMINGTON, DE19802
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
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
Class B Common Stock ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 2,875,000( 2 ) D( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Signal Hill Acquisition Sponsor LLC
2810 N. CHURCH STREET, SUITE 94644
WILMINGTON, DE19802
X X See Remarks
Roberts Paul Damian
2810 N. CHURCH STREET, SUITE 94644
WILMINGTON, DE19802
X X
Signatures
/s/ See Signatures Included in Exhibit 99.1 02/14/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reported shares of Signal Hill Acquisition Corp. (the "Issuer") are directly held by Signal Hill Acquisition Sponsor, LLC (the "Sponsor"). The Issuer's shares of Class B common stock, par value $0.0001 per share, are convertible for the Issuer's shares of Class A common stock, par value $0.0001 per share, as described in the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-262042) and have no expiration date.
( 2 )The Sponsor is expected to forfeit to the Issuer 625,000 founder shares immediately prior to the closing of the initial public offering. In addition, if the underwriters' option to purchase additional units is not exercised, the Sponsor will forfeit to the Issuer an additional 375,000 founder shares upon the expiration of the underwriters' option to purchase additional units.
( 3 )The Sponsor is the record holder of such shares of Class B common stock. Mr. Roberts is the managing member of our sponsor. As such, he has voting and investment discretion with respect to the Class B common stock held of record of our sponsor. In addition, Mr. Roberts may be entitled to distributions of private placement warrants from our sponsor following the consummation of our initial business combination. Mr. Roberts disclaims any beneficial ownership of the securities held by our sponsor, other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Remarks:
Paul Roberts is the Chairman of the board of directors of the Issuer.

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