Sec Form 3 Filing - Townsend Andrew S @ Collective Growth Corp - 2020-04-30

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
Townsend Andrew S
2. Issuer Name and Ticker or Trading Symbol
Collective Growth Corp [ CGROU]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O COLLECTIVE GROWTH CORPORATION, 1805 WEST AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
04/30/2020
(Street)
AUSTIN, TX78701
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 ) 150,000 I By Shipwright SPAC I, LLC ( 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
Class B Common Stock ( 3 ) ( 3 ) ( 3 ) Class A Common Stock 2,803,124 ( 4 ) I By Shipwright SPAC I, LLC ( 2 )
Warrant ( 1 ) ( 5 ) $ 11.5 ( 6 ) ( 7 ) Class A Common Stock 1,575,000 I By Shipwright SPAC I, LLC ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Townsend Andrew S
C/O COLLECTIVE GROWTH CORPORATION
1805 WEST AVENUE
AUSTIN, TX78701
X X
Shipwright SPAC I, LLC
C/O COLLECTIVE GROWTH CORPORATION
1805 WEST AVENUE
AUSTIN, TX78701
X
Signatures
/s/ Andrew Townsend 04/30/2020
Signature of Reporting Person Date
/s/ Shipwright SPAC I, LLC, by Andrew Townsend, Managing Member of Shipwright Partners LLC, the managing member of Shipwright SPAC I, LLC 04/29/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes securities underlying 150,000 units which, prior to the effective date of the registration statement relating to the Issuer's public offering, Shipwright SPAC I, LLC (the "Sponsor") irrevocably committed to purchase. Each unit consists of one share of Class A common stock and one-half of one warrant, with each whole warrant entitling the holder to purchase one share of Class A common stock at $11.50 per share. The purchase of these units is being made on a private placement basis and will be consummated simultaneously with the consummation of the Issuer's initial public offering.
( 2 )The shares and warrants are owned directly by the Sponsor. Shipwright Partners LLC is the managing member of the Sponsor and is controlled by Andrew Townsend. Mr. Townsend disclaims beneficial ownership of the securities held by the Sponsor except to the extent of his pecuniary interest therein.
( 3 )The shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment. The Class B common stock has no expiration date.
( 4 )Includes up to 562,500 shares of Class B common stock that may be forfeited if the underwriters in the Issuer's initial public offering do not exercise the over-allotment option in full.
( 5 )Includes 1,500,000 warrants which, prior to the effective date of the registration statement relating to the Issuer's public offering, the Sponsor irrevocably committed to purchase. The purchase of these warrants is being made on a private placement basis and will be consummated simultaneously with the consummation of the Issuer's initial public offering. Also includes 75,000 warrants underlying the units referred to in footnote 1.
( 6 )The warrants will become exercisable on the later of the Issuer's completion of an initial business combination or 12 months after the closing of the Issuer's initial public offering.
( 7 )The warrants will expire five years after the completion of the Issuer's initial business combination.

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