890 5th Avenue Partners: Modification of the initial declaration of beneficial ownership (Form 3 / A)


Property submission

FORM 3 / A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
INITIAL DECLARATION OF EFFECTIVE OWNERSHIP OF SECURITIES Filed under Section 16 (a) of the Securities Exchange Act of 1934 or Section 30 (h) of the Investment Company Act of 1940

OMB APPROVAL

OMB number: 3235-0104 Expire: January 31, 2005 Estimated average number of charging hours per response … 0.5

1. Name and address of the declaring person *

HEARST COMMUNICATIONS INC

2. Date of the event requiring notification (month / day / year)
2021-12-03

3. Issuer name and ticker or trade symbol
BuzzFeed, Inc. [BZFD]

(Last)

(First of all)

(Environment)

300 WEST 57TH STREET

4. Relationship between the declaring person (s) and the issuer
(Check all that apply)

_____ Director

_____ 10% Owner

_____ Officer (give title below)

_____ Other (specify below)

5. In case of modification, original filing date (month / day / year)
2021-12-07

(Street)

NEW YORK

New York

10019

6. Individual or joint / group deposit (Check the applicable line)
___ Form submitted by a declaring person
_X_ Form submitted by more than one declarant

Table I – Non-derivative securities beneficially owned

1.Security title

2. Amount of securities beneficially owned

3. Form of ownership: direct (D) or indirect (I)

4. Nature of indirect beneficial ownership

Table II – Derivative securities beneficially owned (for example, puts, calls, warrants, options, convertible securities)

1. Title of the derivative security

2. Exercise date and expiry date

3. Title and amount of the securities underlying the derivative security

4. Conversion or exercise price of the derivative security

5. Form of ownership of derivative securities: direct (D) or indirect (I)

6. Nature of indirect beneficial ownership

Exercise date

Expiration date

Title

Amount or number of shares

Declaring owners

Name / address of declaring owner Relationships

Director

10% Owner

Officer

Other

HEARST COMMUNICATIONS INC
300 WEST 57TH STREET

NEW YORK, NY10019

X

HEARST HOLDINGS INC
300 WEST 57TH STREET

NEW YORK, NY10019

X

HEART BODY
300 WEST 57TH STREET

NEW YORK, NY10019

X

HDS II, Inc.
300 WEST 57TH STREET

NEW YORK, NY10019

X

HEARST FAMILY TRUST
300 WEST 57TH STREET

NEW YORK, NY10019

X

Signatures

/ s / Mitchell I. Scherzer, Hearst Communications, Inc., Executive Vice President and Chief Financial Officer

2022-01-03

**Signature of the declarant

Dated

/ s / Mitchell I. Scherzer, Hearst Holdings, Inc., Executive Vice President and Chief Financial Officer

2022-01-03

**Signature of the declarant

Dated

/ s / Mitchell I. Scherzer, The Hearst Corporation, Executive Vice President and Chief Financial Officer

2022-01-03

**Signature of the declarant

Dated

/ s / Michael E. Bachmann, HDS II, Inc., vice president and treasurer

2022-01-03

**Signature of the declarant

Dated

/ s / Mitchell I. Scherzer, Trustee of The Hearst Family Trust

2022-01-03

**Signature of the declarant

Dated

Explanation of answers:

If the form is completed by more than one declarant, see

Instruction 5 (b) (v).

(**) Misstatements or intentional omissions of fact constitute federal criminal offenses. See

18 USC 1001 and 15 USC 78ff (a).

(1)

Represents the Class A ordinary shares of the issuer received in connection with a business combination (the “Business Combination”) which has been effected pursuant to the terms of an agreement and a merger plan in date of June 24, 2021 (the “Merger Agreement”) among: (i) the issuer; (ii) wholly owned subsidiaries of the issuer; and (iii) the company formerly known as Buzzfeed, Inc. (“Original BuzzFeed”), which became a wholly-owned subsidiary of the Issuer upon completion of the Business Combination. At the Effective Time (as defined in the Merger Agreement), the shares of the reporting entities of all classes of the share capital of Original BuzzFeed were exchanged for the Class A common shares of the ‘transmitter indicated in this line, on the basis of an exchange ratio of 0.306 to 1.

(2)

Hearst Communications, Inc. (“HCI”) is the direct owner of the Class A common shares of the issuer indicated in this row. HCI is a subsidiary of Hearst Holdings, Inc. (“HHI”). HHI is a wholly owned subsidiary of The Hearst Corporation (“THC”). THC is a wholly owned subsidiary of The Hearst Family Trust (the “Trust”). Under Rule 16a-1 of the Securities and Exchange Act of 1934 (the “Act”), HHI, THC and the Trust may also be considered the beneficial owners of such securities.

(3)

Received in connection with the finalization of the acquisition of all interests of CM Partners, LLC (“Complex Networks”). The Class A common shares of the issuer shown in this row were paid to HDS II, Inc. (“HDS”), a wholly owned subsidiary of the reporting entity, in addition to the cash proceeds, in exchange for all of HDS ‘interest in Complex Networks in a transaction which occurred concurrently with the completion of the business combination and made Complex Networks a 100% direct subsidiary of Original BuzzFeed and an indirect 100% subsidiary of the transmitter.

(4)

HDS is the direct owner of the Class A common shares of the issuer indicated in this row. HDS is a wholly owned subsidiary of HCI. HCI is owned directly and indirectly as more particularly described in footnote 2, above, on this form. Under Rule 16a-1 of the Act, HCI, HHI, THC and the Trust may also be deemed to be the beneficial owners of such securities. Note: Submit three copies of this form, one of which must be signed manually. If there is not enough space, See

Instruction 6 for the procedure. Potential people who need to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

Warning 890 5th Avenue Partners Inc. published this content on January 03, 2022 and is solely responsible for the information it contains. Distributed byPublic , unedited and unmodified, on03 January 2022 21:58:07 UTC

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Sales 2020

2020 net income
-0.03M
Net debt 2020
0.10 M
PER 2020 ratio
2020 yield
Capitalization
353 million
353 million
VE / Sales 2019 VE / Sales 2020
Number of employees
Free float

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