Schwartz James A 4
4 · FLIGHT SAFETY TECHNOLOGIES INC · Filed Jan 16, 2009
Insider Transaction Report
Form 4
Schwartz James A
Director
Transactions
- Purchase
Series A Convertible Preferred Stock
2009-01-14$100.00/sh+1,000$100,000→ 1,000 total(indirect: See Footnote 2.)Exercise: $0.07From: 2009-01-14→ Common Stock (1,428,571 underlying)
Footnotes (2)
- [F1]The Series A Convertible Preferred Stock reported herein has no expiration date.
- [F2]The reporting person is a Managing Member of Harvey Partners, LLC, a Delaware limited liability company and the investment manager of each of Harvey SMidCap Fund, LP, a Delaware limited partnership ("SMidCap Fund"), and Harvey SMidCap Offshore Fund, Ltd., a Cayman Islands exempted company ("SMidCap Offshore Fund"). SMidCap Fund and SMidCap Offshore Fund hold 900 and 100 shares, respectively, of the reported shares of Series A Convertible Preferred Stock. The reporting person may be deemed to beneficially own a proportionate interest in the reported shares of Series A Convertible Preferred Stock held by SMidCap Fund and SMidCap Offshore Fund. The reporting person's interest in the securities reported is limited to the extent of his pecuniary interest in SMidCap Fund and SMidCap Offshore Fund, if any.