4//SEC Filing
PLANVISTA CORP 4
Accession 0001181431-04-004651
CIK 0000942319operating
Filed
Jan 26, 7:00 PM ET
Accepted
Jan 27, 3:29 PM ET
Size
13.1 KB
Accession
0001181431-04-004651
Insider Transaction Report
Form 4
PLANVISTA CORPPVST
MURRAY JAMES K III
Director
Transactions
- Award
Common Stock
2004-01-23$1.48/sh+754$1,116→ 2,751 total - Award
Common Stock
2004-01-23$1.00/sh+25,553$25,553→ 54,602 total(indirect: By LLC)
Holdings
- 33,037(indirect: By LLC)
Series C Convertible Preferred Stock
Exercise: $1.42From: 2003-10-12→ Common Stock - 2,392,542(indirect: By LLC)
Convertible Notes
Exercise: $1.00From: 2003-03-31Exp: 2006-04-01→ Common Stock (2,392,542 underlying) - 12,000
Directors Stock Option (Right to Buy)
Exercise: $1.25From: 2003-03-12Exp: 2013-03-12→ Common Stock (12,000 underlying)
Footnotes (5)
- [F1]Mr. Murray holds an interest in a total of 54,602 shares of common stock issued to PVC Funding Partners, LLC ("PVCFP") on July 10, 2003, November 3, 2003, and January 23, 2004 as payment of interest on a convertible note issued to PVCFP. (See Footnote 5.) Mr. Murray holds an interest in the listed shares through his affiliation with PVCFP. (See Footnote 3.) Mr. Murray disclaims beneficial ownership in the shares held by PVCFP, other than that portion which corresponds to his interest in such entity.
- [F2]Calculated based on the closing price of the Company's common stock as of December 31, 2003, pursuant to the terms of the Amended and Restated 1997 Directors Equity Plan.
- [F3]Mr. Murray holds a 1.79% interest in PVCFP, which holds 33,037 shares of the Series C Stock. The shares of Series C Stock held by PVCFP constitute 96% of the outstanding shares of Series C Stock. The number of shares of common stock into which the Series C Stock is convertible is subject to adjustment in accordance with anti-dilution and other terms set forth in the Certificate of Designation of Series and Determination of Rights and Preferences of the Series C Stock. Among other things, the Designation provides for adjustment to ensure that the number of shares of common stock issuable upon conversion will represent 51% of the Company's fully diluted common stock. PVCFP may exercise its conversion rights at any time after October 12, 2003. Mr. Murray disclaims beneficial ownership in the shares held by PVCFP, other than that portion which corresponds to his interest in PVCFP.
- [F4]The stated number of options vest over a four-year period from the grant date, with 20% of the options becoming vested on said grant date, and 20% becoming vested on each successive anniversary of the grant date.
- [F5]Effective March 31, 2003, the Company issued convertible promissory notes to PVCFP with a total principal amount of $2,392,542. The notes are convertible into the Company's common stock at a conversion price of $1.00 in principal amount for each share. Mr. Murray holds an interest in the convertible notes through his affiliation with PVCFP (see Footnote 3). Mr. Murray disclaims beneficial ownership in the notes held by PVCFP, other than that portion which corresponds to his interest in PVCFP.
Documents
Issuer
PLANVISTA CORP
CIK 0000942319
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000942319
Filing Metadata
- Form type
- 4
- Filed
- Jan 26, 7:00 PM ET
- Accepted
- Jan 27, 3:29 PM ET
- Size
- 13.1 KB