4//SEC Filing
ABRY Senior Equity V, L.P. 4
Accession 0001493152-22-018540
CIK 0001774170other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 4:30 PM ET
Size
6.4 KB
Accession
0001493152-22-018540
Insider Transaction Report
Form 4
PowerFleet, Inc.PWFL
ABRY Senior Equity V, L.P.
10% Owner
Transactions
- Other
Series A Preferred Stock
2022-06-30$1000.00/sh+877.255$877,255→ 47,664.178 total→ Common Stock, par value $0.01 per share (119,860 underlying)
Footnotes (2)
- [F1]Each share of Series A Preferred Stock is convertible at any time, at the option of the holder, into a number of shares of common stock, par value $0.01 per share, of the Issuer determined by dividing the issue price of the Series A Preferred Stock ($1,000 per share) (the "Issue Price"), plus any accrued and unpaid dividends, by the Series A Conversion Price at the time of conversion. The initial Series A Conversion Price is equal to $7.319, and is subject to adjustment. The Series A Preferred Stock has no expiration date.
- [F2]The Reporting Person received 877.255 shares of Series A Preferred Stock (or 119,860 shares of Common Stock on an as-converted basis) as a payment-in-kind dividend on 46,786.923 shares of Series A Preferred Stock (or 6,392,530 shares of Common Stock on an as-converted basis) owned on the dividend record date.
Documents
Issuer
PowerFleet, Inc.
CIK 0001774170
Entity typeother
Related Parties
1- filerCIK 0001690188
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 4:30 PM ET
- Size
- 6.4 KB