QUANTUM INDUSTRIAL PARTNERS LDC ET AL 4
4 · BLUEFLY INC · Filed Dec 23, 2009
Insider Transaction Report
Form 4
BLUEFLY INCBFLY
Transactions
- Other
Common Stock
2009-12-21$1.70/sh+1,064,400$1,809,480→ 5,924,515 total - Other
Convertible Promissory Note
2009-12-21→ 0 totalExercise: $3.65From: 2008-07-23Exp: 2011-07-23→ Common Stock (1,064,400 underlying)
Footnotes (2)
- [F1]The Convertible Promissory Note is convertible at the option of the holder (i) into that number of shares of common stock, $0.01 par value per share, of the issuer equal to the principal amount of the note divided by $3.65, or (ii) into that number of equity securities of the issuer sold in cash in a future financing ("Subsequent Securities") equal to the principal amount of the note divided by the lowest price paid by any purchaser of the Subsequent Securities (the "Subsequent Conversion Price"). On December 21, 2009, Quantum Industrial Partners LDC, an exempted limited duration company formed under the laws of the Cayman Islands ("QIP") converted the Convertible Promissory Note into shares of the issuer's common stock, $0.01 par value per share ("Common Stock"), at a conversion price of $1.70 per share in accordance with clause (ii) of the previous sentence, resulting in the issuance to QIP of 1,064,400 shares of common stock.
- [F2]These securities are held for the account of QIP. QIH Management Investor, L.P., an investment advisory firm organized as a Delaware limited partnership ("QIHMI"), is a minority shareholder of, and is vested with investment discretion with respect to portfolio assets held for the account of QIP. The sole general partner of QIHMI is QIH Management LLC, a Delaware limited liability company ("QIH Management"). Soros Fund Management LLC, a Delaware limited liability company, is the sole managing member of QIH Management.