3/A//SEC Filing
Broadfin Capital, LLC 3/A
Accession 0000899243-18-021566
CIK 0001103021other
Filed
Aug 6, 8:00 PM ET
Accepted
Aug 7, 5:00 PM ET
Size
9.7 KB
Accession
0000899243-18-021566
Insider Transaction Report
Form 3/AAmended
KOTLER KEVIN
Director
Holdings
- (indirect: See Footnote)
Series B Convertible Preferred Stock
Exercise: $1.80→ Common Stock (12,222,223 underlying)
Holdings
- (indirect: See Footnote)
Series B Convertible Preferred Stock
Exercise: $1.80→ Common Stock (12,222,223 underlying)
Broadfin Capital, LLC
Director
Holdings
- (indirect: See Footnote)
Series B Convertible Preferred Stock
Exercise: $1.80→ Common Stock (12,222,223 underlying)
Footnotes (4)
- [F1]The Common Stock and Series B Non-Voting Convertible Stock ("Series B") are held in the account of Broadfin Healthcare Master Fund, Ltd., a private investment fund managed by Broadfin Capital, LLC, and may be deemed to be beneficially owned by Kevin Kotler, managing member of Broadfin Capital, LLC. Kevin Kotler affirmatively (i) disclaims beneficial ownership of the reportable securities, (ii) states that this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 ("Section 16") of the Securities Exchange Act of 1934, as amended (the "Act") or any other purpose, except to the extent of his pecuniary interest therein, and (iii) disclaims being a "group" for purposes of Section 16.
- [F2]Series B were issued in connection with an offering on May 17, 2018 (the "Offering"), pursuant to a definitive securities purchase agreement with certain institutional and accredited investors, including existing stockholders of the Company.
- [F3]Series B may (i) only be converted after Shareholder Approval is granted, and (ii) not be converted if, after such conversion, the Reporting Person would beneficially own, as determined in accordance with Section 13(d) of the Act, more than 9.98% of the Common Stock outstanding immediately after giving effect to such conversion. Series B does not have an expiration date, but the issuer may force conversion of the Series B, subject to certain limitations.
- [F4]The original Form 3 filed on May 23, 2018 is amended by this Form 3/A to reflect that the shareholders of the Company approved the increase of the Company's authorized number of shares issued and outstanding and that the Series B shares are now convertible. No other changes have been made to the original Form 3.
Documents
Issuer
BIODELIVERY SCIENCES INTERNATIONAL INC
CIK 0001103021
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001511901
Filing Metadata
- Form type
- 3/A
- Filed
- Aug 6, 8:00 PM ET
- Accepted
- Aug 7, 5:00 PM ET
- Size
- 9.7 KB