DUALSTAR TECHNOLOGIES CORP 4
4 · DUALSTAR TECHNOLOGIES CORP · Filed Nov 17, 2003
Insider Transaction Report
Form 4
DUALSTAR TECHNOLOGIES CORPDSTR.OB
FEINBERG STEPHEN
10% Owner
Transactions
- Other
Common Stock, par value $0.01 per share
2003-10-27$0.83/sh+7,659,899$6,357,716→ 7,659,899 total(indirect: By limited liability company) - Other
Warrants (right to buy)
2003-10-27−3,125,000→ 0 totalExercise: $4.00From: 1988-08-08Exp: 2007-12-31→ Common Stock (3,125,000 underlying)
Footnotes (2)
- [F1]Pursuant to a Securities Purchase Agreement, dated as of October 27, 2003, by and between Madeleine, L.L.C., a New York limited liability company ("Madeleine"), and DualStar Technologies Corporation, a Delaware corporation (the "Company"), among other agreements, Madeleine exchanged all of the outstanding principal and accrued interest with respect to the senior secured indebtedness owed by the Company to Madeleine for (i) the 7,659,899 shares of common stock, par value $0.01, of the Company (the "Shares") reported on Table I to this Form 4 and (ii) the Company's interests in certain real estate and certain private cable television assets. The 7,659,899 Shares reported on Table I to this Form 4 were issued to Madeleine in consideration for the forgiveness of $6,333,846 of the total senior secured indebtedness owed by the Company to Madeleine.
- [F2]In connection with the transaction described above, upon consummation of such transaction, an affiliate of Madeleine, DSTR Warrant Co., LLC ("DSTR"), surrendered for cancellation warrants to purchase up to 3,125,000 Shares, which includes warrants subject to a certain Participation Agreement, dated as of November 8, 2000, by and among Madeleine, DSTR and Technology Investors Group, L.L.C., as reported on Table II to this Form 4. Stephen Feinberg possesses sole power to vote and direct the disposition of all securities of the Company owned by Madeleine and DSTR. Thus, for the purposes of Reg. Section 240.13d-3, as of October 27, 2003, Stephen Feinberg is deemed to beneficially own 7,659,899 Shares. Stephen Feinberg's interest in the securities reported herein is limited to the extent of his pecuniary interest in Madeleine and DSTR, if any.