4//SEC Filing
Tu James 4
Accession 0001564957-21-000004
CIK 0000924168other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 10:46 AM ET
Size
129.5 KB
Accession
0001564957-21-000004
Insider Transaction Report
Form 4
Tu James
Director
Transactions
- Conversion
Common Stock
2021-04-01+344,205→ 611,683 total(indirect: See footnote) - Conversion
Series A Convertible Preferred Stock
2021-04-01−1,721,023→ 0 total(indirect: See footnote)→ Common Stock (344,205 underlying)
Footnotes (4)
- [F1]Mr. Tu has shared voting and dispositive power over 60,000 shares of common stock held by 5 Elements Global Fund L.P. ("Global Fund") and 184,851 shares of common stock held by Fusion Park LLC ("Fusion Park"). Global Fund and Fusion Park are controlled affiliates of Mr. Tu.
- [F2]Ms. Huang has shared voting and dispositive power over 246,832 shares of common stock held by Brilliant Start Enterprise Inc. ("Brilliant Start"), and 120,000 shares of common stock held by Jag International Ltd. ("Jag"). Brilliant Start and Jag are controlled affiliates of Ms. Huang.
- [F3]On March 29, 2019, the Issuer entered into a note purchase agreement (the "Note Purchase Agreement") with certain investors, including Fusion Park (of which James Tu is the sole member) and Brilliant Start (which is controlled by Gina Huang), for the purchase of subordinated convertible promissory notes (as amended, the "Notes"). Pursuant to their terms, on January 16, 2020, the Notes (including the accumulated interest thereon) converted into the Issuer's Series A Convertible Preferred Stock ("Series A Preferred Stock"), and Fusion Park and Brilliant Start received 924,253 shares and 796,770 shares, respectively, of Series A Preferred Stock. As a result of the 5-for-1 reverse stock split of the Issuer's common stock that occurred on June 11, 2020, the Series A Preferred Stock is convertible into the Issuer's Common Stock on a one-for-five basis and has no expiration.
- [F4]Upon the conversion of their respective shares of Series A Preferred Stock, Fusion Park and Brilliant Start received 184,851 shares and 159,354 shares, respectively, of common stock.
Issuer
ENERGY FOCUS, INC/DE
CIK 0000924168
Entity typeother
Related Parties
1- filerCIK 0001564957
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 10:46 AM ET
- Size
- 129.5 KB