4//SEC Filing
A NOVO AMERICAS LLC 4
Accession 0001005477-02-002499
CIK 0000893139other
Filed
Jun 19, 8:00 PM ET
Accepted
Jun 20, 9:09 AM ET
Size
16.5 KB
Accession
0001005477-02-002499
Insider Transaction Report
Form 4
Transactions
- Conversion
Common Stock
2002-05-29$1.40/sh+3,714,058$5,199,681→ 6,727,298 total
Footnotes (7)
- [1]The convertible grid note may be converted into shares of the Issuer's common stock at prices based on the average closing price per share for the 10 trading days immediately following the time of the related advance. The average conversion price as of May 31, 2002 is $1.41 per share.
- [2]Through March 15, 2002, AN France advanced the Issuer approximately $800,000 on open account. On March 15, 2002, AN France advanced the Issuer the additional sum of $2,200,000. In order to induce AN France to (a) advance the additional sum, (b) agree to subordinate all of its working capital advances to a new credit line and (c) agree to guarantee a new credit line, the terms of such advances were revised and incorporated into an unsecured demand convertible grid note of the Issuer dated March 31, 2002 in nominal principal amount of $4 million, due on demand. The outstanding balance of the convertible grid note may be converted into shares of the Issuer's Common Stock at prices based on the average closing price per share for the 10 trading days immediately following the time of the related advance. An additional advance of $500,000 was made on April 17, 2002.
- [3]The nominal principal amount of the convertible grid note.
- [4]Represents the number of shares issuable on conversion of the principal and interest of the convertible grid note as of May 31, 2002 based on a balance of $3.6 million outstanding.
- [5]The derivative security is held directly by AN France.
- [6]AN France loaned A Novo and then A Novo loaned the Issuer the sum of $4,971,440 pursuant to a Bridge Loan Agreement dated August 29, 2001.
- [7]Represents the number of shares issuable on conversion of the principal and interest of the bridge loan as of May 29, 2002, the conversion date. /s/Henri Triebel June 17, 2002 - --------------------------------------------- ----------------------- Henri Triebel, Managing Member** Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. JOINT FILER INFORMATION AND AUTHORIZATION Name: A Novo SA Head Office : 31, rue des Peupliers F-92660 Boulogne Cedex France Designated Filer: A Novo Americas LLC Issuer & Ticker Symbol: A Novo Broadband, Inc. (ANVB - Nasdaq OTCBB) Statement
Documents
Issuer
A NOVO BROADBAND INC
CIK 0000893139
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001121973
Filing Metadata
- Form type
- 4
- Filed
- Jun 19, 8:00 PM ET
- Accepted
- Jun 20, 9:09 AM ET
- Size
- 16.5 KB