4//SEC Filing
BSC EMPLOYEE FUND VI LP 4
Accession 0001180955-06-000010
CIK 0000906282other
Filed
Jan 9, 7:00 PM ET
Accepted
Jan 10, 10:16 AM ET
Size
8.0 KB
Accession
0001180955-06-000010
Insider Transaction Report
Form 4
BSC EMPLOYEE FUND VI LP
Director10% Owner
Transactions
- Purchase
Series A-5 Convertible Preferred Stock
2005-11-23$3.25/sh+102,751$333,941→ 102,751 total→ Common Stock (102,751 underlying)
Footnotes (2)
- [F1]The Series A-5 Convertible Preferred Stock, $0.001 par value per share ("Series A-5 Preferred Stock") is convertible into shares of Common Stock, $0.001 par value per share, of the Issuer ("Common Stock") at any time at the election of the individual holders. The Series A-5 Preferred Stock will automatically convert into Common Stock if at any time following the 18 months after the issuance of the Series A-5 Preferred Stock, the volume weighted average closing price of the Common Stock for the immediately preceding 60 consecutive trading days exceeds four times the applicable Series A-5 Preferred Stock conversion price then in effect. The Series A-5 Preferred Stock will convert to Common Stock, initially at a ratio of one share of Common Stock for every share of Series A-5 Preferred Stock, subject to adjustments for common dilutive equity issuances for stock splits, stock dividends and similar events. There is no expiration date applicable to the Series A-5 Preferred Stock.
- [F2]There will be no automatic conversion of the Series A-5 Preferred Stock unless, at the time of such proposed conversion, the Issuer shall have on file with the SEC an effective registration statement with respect to the shares of Common Stock issued or issuable to the holders (A) on conversion of the Series A Preferred Stock, $0.001 par value per share, of the Issuer ("Series A Preferred Stock") then issued or issuable to such holders, (B) on exercise of all of the warrants to purchase Common Stock pursuant to the Purchase Agreement, dated as of January 29, 2004, between the Issuer and the purchaser named therein,and (C) on exercise of all the warrants to purchase Common Stock pursuant to that certain Purchase Agreement dated on or about the date of the Issuer's Restated Certificate of Incorporation, between the Issuer and the purchasers named therein, as it may be amended, supplemented or restated from time to time, and such shares of Common Stock have been listed on the Nasdaq Stock Market (or other national stock exchange or national over-the-counter bulletin board approved by the holders of a majority of the then outstanding shares of Series A Preferred Stock).
Documents
Issuer
MTM Technologies, Inc.
CIK 0000906282
Entity typeother
Related Parties
1- filerCIK 0001276344
Filing Metadata
- Form type
- 4
- Filed
- Jan 9, 7:00 PM ET
- Accepted
- Jan 10, 10:16 AM ET
- Size
- 8.0 KB