STARWAVE CORP 4
4 · ACTIVE NETWORK INC · Filed Jun 1, 2011
Insider Transaction Report
Form 4
WALT DISNEY CO/
10% Owner
Transactions
- Sale
Common Stock
2011-05-31$15.00/sh−1,908,515$28,627,725→ 7,738,220 total - Conversion
Series D Preferred Stock
2011-05-31−2,481,406→ 0 total→ Common Stock (2,481,406 underlying) - Conversion
Series E Preferred Stock
2011-05-31−1,899,929→ 0 total→ Common Stock (1,899,929 underlying) - Conversion
Common Stock
2011-05-31+9,646,735→ 9,646,735 total - Conversion
Series F Preferred Stock
2011-05-31−5,265,400→ 0 total→ Common Stock (5,265,400 underlying)
Footnotes (5)
- [F1]The Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock converted into Active Network, Inc. common stock on a 1-for-1 basis.
- [F2]4,823,367 of such shares were owned directly by Starwave Corporation, which is a wholly owned subsidiary of Infoseek Corporation (2), which is a wholly owned subsidiary of The Walt Disney Company. 4,823,368 of such shares were owned directly by ESPN Digital Media, Inc., which is a wholly owned subsidiary of ESPN Enterprises, Inc., which is a wholly owned subsidiary of ESPN, Inc., which is a wholly owned subsidiary of ESPN Holding Company, Inc., which is a wholly owned subsidiary of ABC Holding Company, Inc., which is a wholly owned subsidiary of ABC, Inc., which is a wholly owned subsidiary of ABC Enterprises, Inc., which is a wholly owned subsidiary of Disney Enterprises, Inc., which is a wholly owned subsidiary of The Walt Disney Company.
- [F3]954,257 of such shares sold were sold by Starwave Corporation, and 954,258 of such shares sold were sold by ESPN Digital Media, Inc.
- [F4]Converts at 1-for-1.
- [F5]Each share of preferred stock was convertible into one share of common stock at any time at the option of the holder and converted automatically upon the closing of the sale of Active Network's common stock in a firm commitment, underwritten public offering in which certain conditions were met relating to the number of shares issued and the price at which shares are issued.