4//SEC Filing
Bodnick Marc 4
Accession 0001209191-10-037103
CIK 0001100389other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 4:55 PM ET
Size
42.9 KB
Accession
0001209191-10-037103
Insider Transaction Report
Form 4
PALM INCPALM
Elevation Associates, LLC
10% Owner
Transactions
- Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−3,568,530$8,742,899→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (3,568,530 underlying) - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−50,979$89,409,519→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (15,685,846 underlying) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−10,316,700$58,805,190→ 0 total - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−103$104,030→ 0 total(indirect: See footnote)Exercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (12,118 underlying) - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−21$36,831→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (6,461 underlying) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−3,812$21,728→ 0 total(indirect: See footnote) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−324,897$328,145,970→ 0 totalExercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (38,223,176 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−1,470$3,602→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (1,470 underlying)
Bodnick Marc
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−3,812$21,728→ 0 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−10,316,700$58,805,190→ 0 total - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−50,979$89,409,519→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (15,685,846 underlying) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−324,897$328,145,970→ 0 totalExercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (38,223,176 underlying) - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−21$36,831→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (6,461 underlying) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−103$104,030→ 0 total(indirect: See footnote)Exercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (12,118 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−3,568,530$8,742,899→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (3,568,530 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−1,470$3,602→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (1,470 underlying)
Elevation Partners, L.P.
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−3,812$21,728→ 0 total(indirect: See footnote) - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−21$36,831→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (6,461 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−3,568,530$8,742,899→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (3,568,530 underlying) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−103$104,030→ 0 total(indirect: See footnote)Exercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (12,118 underlying) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−10,316,700$58,805,190→ 0 total - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−50,979$89,409,519→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (15,685,846 underlying) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−324,897$328,145,970→ 0 totalExercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (38,223,176 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−1,470$3,602→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (1,470 underlying)
Elevation Management, LLC
10% Owner
Transactions
- Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−324,897$328,145,970→ 0 totalExercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (38,223,176 underlying) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−103$104,030→ 0 total(indirect: See footnote)Exercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (12,118 underlying) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−10,316,700$58,805,190→ 0 total - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−21$36,831→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (6,461 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−1,470$3,602→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (1,470 underlying) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−3,812$21,728→ 0 total(indirect: See footnote) - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−50,979$89,409,519→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (15,685,846 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−3,568,530$8,742,899→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (3,568,530 underlying)
Hewson Paul
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−10,316,700$58,805,190→ 0 total - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−50,979$89,409,519→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (15,685,846 underlying) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−324,897$328,145,970→ 0 totalExercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (38,223,176 underlying) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−3,812$21,728→ 0 total(indirect: See footnote) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−103$104,030→ 0 total(indirect: See footnote)Exercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (12,118 underlying) - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−21$36,831→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (6,461 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−3,568,530$8,742,899→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (3,568,530 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−1,470$3,602→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (1,470 underlying)
Elevation Associates, L.P.
10% Owner
Transactions
- Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−21$36,831→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (6,461 underlying) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−3,812$21,728→ 0 total(indirect: See footnote) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−103$104,030→ 0 total(indirect: See footnote)Exercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (12,118 underlying) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−10,316,700$58,805,190→ 0 total - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−324,897$328,145,970→ 0 totalExercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (38,223,176 underlying) - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−50,979$89,409,519→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (15,685,846 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−1,470$3,602→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (1,470 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−3,568,530$8,742,899→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (3,568,530 underlying)
Elevation Employee Side Fund, LLC
10% Owner
Transactions
- Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−324,897$328,145,970→ 0 totalExercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (38,223,176 underlying) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−10,316,700$58,805,190→ 0 total - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−3,812$21,728→ 0 total(indirect: See footnote) - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−50,979$89,409,519→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (15,685,846 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−3,568,530$8,742,899→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (3,568,530 underlying) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−103$104,030→ 0 total(indirect: See footnote)Exercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (12,118 underlying) - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−21$36,831→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (6,461 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−1,470$3,602→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (1,470 underlying)
PEARLMAN BRET D
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−3,812$21,728→ 0 total(indirect: See footnote) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−103$104,030→ 0 total(indirect: See footnote)Exercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (12,118 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−3,568,530$8,742,899→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (3,568,530 underlying) - Disposition to Issuer
Series B Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1010.00/sh−324,897$328,145,970→ 0 totalExercise: $8.50From: 2007-10-24Exp: 2014-10-24→ Common Stock, par value $0.001 per share (38,223,176 underlying) - Disposition to Issuer
Warrant (right to buy Common Stock)
2010-07-01$2.45/sh−1,470$3,602→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (1,470 underlying) - Disposition to Issuer
Common Stock
2010-07-01$5.70/sh−10,316,700$58,805,190→ 0 total - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−50,979$89,409,519→ 0 totalExercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (15,685,846 underlying) - Disposition to Issuer
Series C Conv. Preferred Stock, par value $0.001 per share
2010-07-01$1753.85/sh−21$36,831→ 0 total(indirect: See footnote)Exercise: $3.25From: 2009-01-25Exp: 2014-10-24→ Common Stock, par value $0.001 per share (6,461 underlying)
Footnotes (6)
- [F1]This Form 4 is filed on behalf of a group consisting of Elevation Partners, L.P. ("Elevation Partners"), Elevation Associates, L.P. ("Elevation GP"), Elevation Associates, LLC ("Elevation LLC"), Elevation Employee Side Fund, LLC ("Side Fund"), Elevation Management, LLC ("Elevation Management"), Mr. Marc Bodnick, Mr. Paul Hewson and Mr. Bret Pearlman. Elevation GP is the sole general partner of Elevation Partners, and Elevation LLC is the sole general partner of Elevation GP. Elevation Management is the sole managing member of Side Fund. Messrs. Bodnick, Hewson and Pearlman are managers of each of Elevation LLC and Elevation Management, as are Mr. Fred Anderson and Mr. Roger McNamee, who are filing Forms 4 separately. Each of the Reporting Persons may be deemed to be a director by deputization of the Issuer.
- [F2]As the sole general partner of Elevation Partners, Elevation GP may be deemed to be the indirect beneficial owner of such securities under Rule 16a-1(a)(2) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Elevation GP disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest. As the sole general partner of Elevation GP, Elevation LLC may be deemed to be the indirect beneficial owner of such securities under Rule 16a-1(a)(2) promulgated under the Exchange Act. However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Elevation LLC disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest.
- [F3]As the sole managing member of Side Fund, Elevation Management may be deemed to be the indirect beneficial owner of such securities under Rule 16a-1(a)(2) promulgated under the Exchange Act. However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Elevation Management disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest.
- [F4]As managers of each of Elevation LLC and Elevation Management, Messrs. Bodnick, Hewson and Pearlman may be deemed to be the indirect beneficial owner of such securities under Rule 16a-1(a)(2) promulgated under the Exchange Act. However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, each of Messrs. Bodnick, Hewson and Pearlman disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest.
- [F5]These securities are directly owned by Elevation Partners. Elevation GP, Elevation LLC and Messrs. Bodnick, Hewson and Pearlman may have indirect beneficial ownership of these shares. See Footnotes 1, 2 and 4.
- [F6]These securities are directly owned by Side Fund. Elevation Management and Messrs. Bodnick, Hewson and Pearlman may have indirect beneficial ownership of these securities. See Footnotes 1, 3 and 4.
Issuer
PALM INC
CIK 0001100389
Entity typeother
Related Parties
1- filerCIK 0001346413
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 4:55 PM ET
- Size
- 42.9 KB