4//SEC Filing
Tu James 4
Accession 0001104659-20-008694
CIK 0000924168other
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 4:11 PM ET
Size
18.7 KB
Accession
0001104659-20-008694
Insider Transaction Report
Form 4
Tu James
Director
Transactions
- Conversion
Convertible Notes due 2021
2020-01-16(indirect: See footnote)→ Series A Convertible Preferred Stock - Conversion
Series A Convertible Preferred Stock
2020-01-16+1,721,023→ 1,721,023 total(indirect: See footnote)→ Common Stock (1,721,023 underlying)
Fusion Park LLC
10% Owner
Transactions
- Conversion
Convertible Notes due 2021
2020-01-16(indirect: See footnote)→ Series A Convertible Preferred Stock - Conversion
Series A Convertible Preferred Stock
2020-01-16+1,721,023→ 1,721,023 total(indirect: See footnote)→ Common Stock (1,721,023 underlying)
Huang Gina
10% Owner
Transactions
- Conversion
Convertible Notes due 2021
2020-01-16(indirect: See footnote)→ Series A Convertible Preferred Stock - Conversion
Series A Convertible Preferred Stock
2020-01-16+1,721,023→ 1,721,023 total(indirect: See footnote)→ Common Stock (1,721,023 underlying)
Jag International Co Ltd.
10% Owner
Transactions
- Conversion
Convertible Notes due 2021
2020-01-16(indirect: See footnote)→ Series A Convertible Preferred Stock - Conversion
Series A Convertible Preferred Stock
2020-01-16+1,721,023→ 1,721,023 total(indirect: See footnote)→ Common Stock (1,721,023 underlying)
Transactions
- Conversion
Convertible Notes due 2021
2020-01-16(indirect: See footnote)→ Series A Convertible Preferred Stock - Conversion
Series A Convertible Preferred Stock
2020-01-16+1,721,023→ 1,721,023 total(indirect: See footnote)→ Common Stock (1,721,023 underlying)
Transactions
- Conversion
Convertible Notes due 2021
2020-01-16(indirect: See footnote)→ Series A Convertible Preferred Stock - Conversion
Series A Convertible Preferred Stock
2020-01-16+1,721,023→ 1,721,023 total(indirect: See footnote)→ Common Stock (1,721,023 underlying)
Footnotes (2)
- [F1]On March 29, 2019, the Issuer entered into a note purchase agreement (the "Note Purchase Agreement") with certain investors, including Fusion Park LLC (of which James Tu is the sole member) and Brilliant Start Enterprise, Inc. (which is controlled by Gina Huang), for the purchase of an aggregate of $1.7 million in subordinated convertible promissory notes. Pursuant to the Note Purchase Agreement, Fusion Park and Brilliant Start purchased $580,000 and $500,000, respectively, in principal amount of the subordinated convertible promissory notes. The subordinated convertible promissory notes were amended on May 29, 2019 (as amended, the "Notes").
- [F2]The Notes, which were issued on March 29, 2019, had a maturity date of December 31, 2021 and paid interest at a rate of 5% per annum until June 30, 2019 and at a rate of 10% per annum thereafter. Pursuant to their terms, on January 16, 2020 (the first business day after the Issuer's stockholders approved certain amendments to the Issuer's certificate of incorporation), the Notes (including the accumulated interest thereon) converted into the Issuer's Series A Convertible Preferred Stock ("Series A Preferrred Stock) at a price of $0.67 per share. Upon the conversion of the Notes, Fusion Park and Brilliant Start received 924,253 shares and 796,770 shares, respectively, of Series A Preferred Stock. The Series A Preferred Stock is convertible into the Issuer's Common Stock one a one-for-one basis and has no expiration.
Documents
Issuer
ENERGY FOCUS, INC/DE
CIK 0000924168
Entity typeother
Related Parties
1- filerCIK 0001564957
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 4:11 PM ET
- Size
- 18.7 KB