4//SEC Filing
INTEGRATED ELECTRICAL SERVICES INC 4
Accession 0001104659-14-060538
$IESCCIK 0001048268operating
Filed
Aug 12, 8:00 PM ET
Accepted
Aug 13, 8:30 PM ET
Size
23.8 KB
Accession
0001104659-14-060538
Insider Transaction Report
Form 4
TONTINE CAPITAL PARTNERS L P
10% Owner
Transactions
- Exercise of In-Money
Subscription Rights (right to buy)
2014-08-07−10,787,326→ 0 total(indirect: See Footnotes)Exercise: $5.20From: 2014-07-07Exp: 2014-07-29→ Common Stock (2,314,721 underlying) - Exercise of In-Money
Common Stock, $0.01 par value per share
2014-08-07$5.20/sh+2,576,449$13,397,535→ 13,363,775 total(indirect: See Footnotes)
Footnotes (9)
- [F1]This report is filed jointly by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"), Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Partners, L.P., a Delaware limited partnership ("TP"), Tontine Management, L.L.C., a Delaware limited liability company ("TM"), Tontine Overseas Associates, L.L.C., a Delaware limited liability company ("TOA"), Tontine Capital Overseas Master Fund II, L.P., a Cayman Islands limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA") and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TM, the general partner of TP; (c) TOA; and (d) TAA, the general partner of TCP 2.
- [F2]Common stock issued upon exercise of subscription rights, including 261,728 shares of common stock acquired pursuant to over-subscription privileges related to the rights offering. See footnotes 3 and 4 below.
- [F3]Integrated Electrical Services, Inc. (the "Company") issued pro rata, at no charge, to the holders of shares of its common stock, as of 5:00 p.m., Eastern Time, on July 7, 2014, the record date for the rights offering, one non-transferable subscription right for each share of common stock owned on the record date. Each subscription right entitled the holder thereof to purchase 0.214578135 shares of the Company's common stock at a subscription price of $5.20 per share.
- [F4]Additionally, each holder who elected to purchase all of the shares of the Company's common stock available pursuant to its basic subscription rights was eligible to elect to subscribe for a portion of any shares of common stock that were not purchased by other stockholders, provided that the number of over-subscription shares each holder could elect to purchase could not exceed 100% of the number of shares of common stock that such holder subscribed for pursuant to its basic subscription rights. While the rights offering expired as of 5:00 p.m., Eastern Time, on July 29, 2014 (the "expiration time"), share allocations were not finalized until August 7, 2014, in light of compliance with guaranteed delivery procedures, allocations related to over-subscriptions and reductions contemplated by the terms of the rights offering. Subscription rights that were not exercised prior to the expiration time expired and were no longer exercisable as of such time.
- [F5]Includes 286 shares unintentionally omitted from previous Forms 4.
- [F6]TCM, TM and TAA directly own 0 shares of Common Stock, TCP directly owns 5,642,723 shares of Common Stock, TP directly owns 3,267,284 shares of Common Stock, TOA directly owns 591,443 shares of Common Stock, TCP 2 directly owns 3,852,167 shares of Common Stock and Mr. Gendell directly owns 10,158 shares of Common Stock.
- [F7]All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP may be deemed to be beneficially owned by TCM. The foregoing securities held by TP may be deemed to be beneficially owned by TM. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.
- [F8]Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TP, TM, TOA, TCP 2 and TAA. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP.
- [F9]TM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TM or representing TM's pro rata interest in, and interest in the profits of, TP. TOA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TOA. TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2.
Documents
Issuer
INTEGRATED ELECTRICAL SERVICES INC
CIK 0001048268
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001048268
Filing Metadata
- Form type
- 4
- Filed
- Aug 12, 8:00 PM ET
- Accepted
- Aug 13, 8:30 PM ET
- Size
- 23.8 KB