4//SEC Filing
MTM Technologies, Inc. 4
Accession 0000904454-05-000352
CIK 0000906282operating
Filed
Jul 10, 8:00 PM ET
Accepted
Jul 11, 10:44 AM ET
Size
9.8 KB
Accession
0000904454-05-000352
Insider Transaction Report
Form 4
BSC EMPLOYEE FUND VI LP
Director10% Owner
Transactions
- Purchase
Common Stock Warrants (Right to Buy)
2005-07-07+26,715→ 26,715 totalExercise: $4.06From: 2005-07-07Exp: 2009-07-07→ Common Stock (26,715 underlying) - Purchase
Series A-4 Convertible Preferred Stock
2005-07-07$3.25/sh+133,577$434,125→ 611,170 totalExercise: $3.25From: 2005-07-07→ Common Stock (133,577 underlying)
Footnotes (3)
- [F1]The Series A-4 Convertible Preferred Stock will be convertible into shares of Common Stock at any time at the election of the individual holders. Subject to certain exceptions, the Series A-4 Convertible Preferred Stock will automatically convert into Common Stock, $0.001 par value of the Issuer (the "Common Stock"), if at any time following the 18 months after the issuance of the Series A-4 Convertible Preferred Stock, the weighted average closing price of the Common Stock for the immediately preceding 60 consecutive trading days exceeds four times the weighted average of the applicable Series A-4 Convertible Preferred Stock conversion price then in effect. The Series A-4 Convertible Preferred Stock will convert to Common Stock, initially at a ratio of one share of Common Stock for every share of Series A-4 Convertible Preferred Stock and subject to adjustments for common dilutive equity issuances and for stock splits, stock dividends and similar events.
- [F2]There is no expiration date applicable to the Series A-4 Convertible Preferred Stock.
- [F3]The Warrants are exerciseable at any time prior to July 7, 2009, at an exercise price of $4.06 per share of Common Stock. The number of warrants issuable is equal to 20% of the number of shares of Common Stock issued or issuable on conversion of Series A-4 Convertible Preferred Stock issued. As of July 7, 2005, the Warrants would be exerciseable to purchase such number of shares of Common Stock reflected herein. The exercise price of the Warrants is subject to adjustment for stock splits, stock dividends and similar events. Cashless exercise is permited.
Documents
Issuer
MTM Technologies, Inc.
CIK 0000906282
Entity typeoperating
IncorporatedNY
Related Parties
1- filerCIK 0000906282
Filing Metadata
- Form type
- 4
- Filed
- Jul 10, 8:00 PM ET
- Accepted
- Jul 11, 10:44 AM ET
- Size
- 9.8 KB