4//SEC Filing
VYYO INC 4
Accession 0000769993-08-000718
CIK 0001104730operating
Filed
Jun 19, 8:00 PM ET
Accepted
Jun 20, 5:44 PM ET
Size
10.5 KB
Accession
0000769993-08-000718
Insider Transaction Report
Form 4
VYYO INCVYYO
GS INVESTMENT STRATEGIES, LLC
10% Owner
Transactions
- Other
20% Convertible Note due December 13, 2008
2008-06-13Exercise: $5.00Exp: 2008-12-13→ Common Stock - Other
5% Convertible Note due March 27, 2012
2008-06-13→ 0 totalExercise: $10.00Exp: 2012-03-27→ Common Stock
Holdings
- 1,651,982
Common Stock
Footnotes (4)
- [F1]The Reporting Person disclaims beneficial ownership of the securities herein, except to the extent of its pecuniary interest therein, if any.
- [F2]In exchange for termination of the $35,000,000 in aggregate principal amount of Vyyo, Inc.'s (the "Company") 5% Convertible Note due March 27, 2012 (the "5% Convertible Note") and payment of an additional $3,000,000, the Company issued to the Reporting Person a 20% Convertible Note due December 13, 2008 with an aggregate principal amount of $38,000,000 (the "20% Convertible Note").
- [F3]The Reporting Person may have been deemed to own $35,000,000 in aggregate principal amount of the Company's 5% Convertible Note. The 5% Convertible Note was immediately exercisable as of the date of its issuance and was convertible at any time at the holder's option into shares of common stock, $0.0001 par value per share ("Common Stock") of the Company determined by dividing the aggregate principal amount by a conversion price of $10 per share, subject to adjustment.
- [F4]The Reporting Person may be deemed to own the 20% Convertible Note. The 20% Convertible Note is immediately exercisable and is convertible at any time at the holder's option into shares of Common Stock determined by dividing the aggregate principal amount by a conversion price of $5 per share, subject to adjustment. If the Company enters into a subsequent equity financing, then the 20% Convertible Note is convertible into the securities issued in such financing in accordance with the terms of the 20% Convertible Note. Pursuant to the terms of the 20% Convertible Note, the holder of the 20% Convertible Note shall not have the right to convert any portion of the 20% Convertible Note into Common Stock to the extent that after giving effect to such conversion and taking into account all other shares of Common Stock beneficially owned by the holder, such holder would beneficially own in excess of 14.8% of the Common Stock outstanding.
Documents
Issuer
VYYO INC
CIK 0001104730
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001104730
Filing Metadata
- Form type
- 4
- Filed
- Jun 19, 8:00 PM ET
- Accepted
- Jun 20, 5:44 PM ET
- Size
- 10.5 KB