GALLEN JONATHAN 4
4 · CICERO INC · Filed Apr 24, 2012
Insider Transaction Report
Form 4
CICERO INCCICN
GALLEN JONATHAN
10% Owner
Transactions
- Sale
Common Stock, par value $0.001 per share
2012-04-20$0.17/sh−45,000$7,650→ 8,951,136 total(indirect: By Partnership)
Footnotes (2)
- [F1]As of April 20, 2012, Ahab Opportunities, L.P., formerly Ahab Partners, L.P. ("Ahab"), Ahab Opportunities, Ltd., formerly Ahab International, Ltd. ("Opportunities"), certain affiliated funds, and one or more private investment accounts (the "Accounts") held in the aggregate 8,951,136 shares of common stock, par value $0.001 per share (the "Shares"), of Cicero, Inc., formerly Level 8 Systems, Inc. (the "Company"). All warrants previously reported as held by Ahab, Opportunities, the affiliated funds, and the Accounts have expired.
- [F2]Jonathan Gallen possesses the sole power to vote and the sole power to direct the disposition of 8,851,136 Shares held by Ahab, Opportunities, and the affiliated funds. In addition, Mr. Gallen possesses the sole power to direct the disposition of 100,000 Shares held by the Accounts. Accordingly, for the purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, Mr. Gallen is deemed to beneficially own 8,951,136 Shares. Mr. Gallen's interest in the securities reported herein is limited to the extent of his pecuniary interest in Ahab, Opportunities, the affiliated funds, and the Accounts, respectively, if any.