4//SEC Filing
List Steven 4
Accession 0001005477-07-005205
CIK 0001348155other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 7:56 PM ET
Size
16.6 KB
Accession
0001005477-07-005205
Insider Transaction Report
Form 4
List Steven
DirectorChief Operating Officer
Transactions
- Disposition to Issuer
Senior Secured Convertible Notes
2007-09-30$130500.00/shExercise: $6.25From: 2006-09-29Exp: 2011-03-30→ Common Stock (24,000 underlying) - Award
Common Stock
2007-09-30$1.50/sh+170,000$255,000→ 422,823 total - Award
Common Stock Warrants (Right to Buy)
2007-09-30+70,000→ 70,000 totalExercise: $1.80From: 2007-09-30Exp: 2014-09-30→ Common Stock (70,000 underlying)
Holdings
- 12,323
Options (Right to Buy)
Exercise: $3.00From: 2007-02-14Exp: 2017-02-13→ Common Stock (12,323 underlying) - 2,400
Common Stock Warrants (Right to Buy)
Exercise: $4.65From: 2006-09-29Exp: 2011-03-30→ Common Stock (2,400 underlying) - 68,100
Options (Right to Buy)
Exercise: $3.00From: 2008-08-16Exp: 2017-08-15→ Common Stock (68,100 underlying) - 100,000
Options (Right to Buy)
Exercise: $3.00From: 2008-03-14Exp: 2017-03-13→ Common Stock (100,000 underlying)
Footnotes (10)
- [F1]Includes (i) 72,400 shares of common stock underlying warrants to purchase common stock, whether or not presently exercisable and (ii) 180,423 shares of common stock underlying options to purchase common stock, whether or not presently exercisable.
- [F10]The issuer and reporting person entered into a Subscription Agreement and closed the transactions contemplated thereby on October 3, 2007. The Subscription Agreement is effective as of September 30, 2007. The transaction date reflects the effective date of the Subscription Agreement.
- [F2]Acquired on this date by the reporting person, but first exercisable or convertible, as applicable, under its terms on March 31, 2006.
- [F3]Maturity date.
- [F4]11,375 of these options vested on this date and 948 of these options vested on March 13, 2007 pursuant to an accelerated vesting schedule approved by the issuer's board of directors in accordance with Rule 16b-3(d) promulgated under the Securities Exchange Act of 1934, as amended.
- [F5]Granted for no consideration.
- [F6]Options vest in three equal annual installments, beginning on this date.
- [F7]Consideration paid consisted of cash and the sale of senior secured convertible notes by the reporting person to the issuer, reported elsewhere on this Form 4.
- [F8]The exercise price of these warrants, previously reported on Form 4 by the reporting person, automatically adjusted on September 30, 2007 pursuant to the terms of the warrants and remains subject to future automatic adjustment pursuant to the terms of the warrants.
- [F9]Represents a disposition by the reporting person of senior secured convertible notes as partial consideration paid by the reporting person to the issuer for the reporting person's purchase of shares of the issuer's common stock, reported elsewhere on this Form 4.
Documents
Issuer
Global Employment Holdings, Inc.
CIK 0001348155
Entity typeother
Related Parties
1- filerCIK 0001358680
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 7:56 PM ET
- Size
- 16.6 KB