4//SEC Filing
AXESSTEL INC 4
Accession 0000906344-06-000295
CIK 0001092492operating
Filed
Jul 9, 8:00 PM ET
Accepted
Jul 10, 6:19 PM ET
Size
17.5 KB
Accession
0000906344-06-000295
Insider Transaction Report
Form 4
AXESSTEL INCAFT
Transactions
- Purchase
Common Stock, $.0001 par value per share
2006-07-05$1.45/sh+1,336$1,936→ 829,677 total(indirect: By: Nanocap Fund, L.P.) - Purchase
Common Stock, $.0001 par value per share
2006-07-06$1.45/sh+9,157$13,277→ 1,270,026 total(indirect: By: Nanocap Qualified Fund, L.P.) - Purchase
Common Stock, $.0001 par value per share
2006-07-05$1.45/sh+2,733$3,961→ 761,554 total(indirect: By: Orphan Fund, L.P.) - Purchase
Common Stock, $.0001 par value per share
2006-07-05$1.45/sh+2,031$2,944→ 1,260,869 total(indirect: By: Nanocap Qualified Fund, L.P.) - Purchase
Common Stock, $.0001 par value per share
2006-07-06$1.45/sh+12,320$17,863→ 773,874 total(indirect: By: Orphan Fund, L.P.) - Purchase
Common Stock, $.0001 par value per share
2006-07-06$1.45/sh+6,023$8,733→ 835,700 total(indirect: By: Nanocap Fund, L.P.) - Purchase
Common Stock, $.0001 par value per share
2006-07-07$1.50/sh+27,700$41,558→ 1,297,726 total(indirect: By: Nanocap Qualified Fund, L.P.)
Footnotes (3)
- [F1]These securities are held directly by Orphan Fund, L.P. and Nanocap Fund, L.P., U.S. investment limited partnerships (the "Partnerships"), neither of which, for Section 16 purposes, is itself the beneficial owner of more than 10% of the issuer's common stock. Stephens Investment Management, LLC ("SIM"), a registered investment adviser, is the general partner and investment manager of each of the Partnerships. Paul H. Stephens is a managing member and minority owner of SIM, and Mr. Stephens also holds limited partnership interests in each of the Partnerships. Each of SIM, Mr. Stephens and each Partnership expressly disclaims beneficial ownership in these securities, except to the extent of their respective pecuniary interests therein.
- [F2]These securities are held directly by Nanocap Qualified Fund, L.P. ("NQF"), which, for Section 16 purposes, is not itself the beneficial owner of more than 10% of the issuer's common stock. SIM is NQF's general partner and investment manager, and Mr. Stephens is a managing member and minority owner of SIM. Each of SIM, Mr. Stephens and NQF expressly disclaims beneficial ownership in these securities, except to the extent of their respective pecuniary interests therein.
- [F3]Because Mr. Stephens, as a managing member of SIM, may be deemed to be a "control person" who, for purposes of Rule 16a-1(a)(1)(vii), may be deemed to hold in excess of 1% of the issuer's common stock indirectly through his limited partnership interests in the Partnerships, Mr. Stephens has elected to file this Form 3 as a reporting person to report the Partnership's and NQF's holdings of the issuer's common stock. Mr. Stephens' election to file this Form 3 should not be construed as an admission of his status as a control person under Rule 16a-1(a)(1)(vii) or as a 10% beneficial owner of the issuer's common stock for Section 16 purposes. In addition, Mr. Stephens, as the reporting person, disclaims membership in a group with any non-reporting person within the meaning of Rule 13d-5(b)(1) and Rule 16a-1(a)(1).
Documents
Issuer
AXESSTEL INC
CIK 0001092492
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001092492
Filing Metadata
- Form type
- 4
- Filed
- Jul 9, 8:00 PM ET
- Accepted
- Jul 10, 6:19 PM ET
- Size
- 17.5 KB