4//SEC Filing
COOLSAVINGS INC 4
Accession 0000057606-05-000012
CIK 0001087875operating
Filed
May 18, 8:00 PM ET
Accepted
May 19, 5:17 PM ET
Size
11.0 KB
Accession
0000057606-05-000012
Insider Transaction Report
Form 4
COOLSAVINGS INCcsav
ALSTON MICHAEL W
Director
Transactions
- Purchase
Common Stock
2005-05-17$0.80/sh+6,965,365$5,572,292→ 20,220,456 total(indirect: See footnote (3))
Fiveash Joseph G III
Director
Transactions
- Purchase
Common Stock
2005-05-17$0.80/sh+6,965,365$5,572,292→ 20,220,456 total(indirect: See footnote (3))
QUIST KARL B
Director
Transactions
- Purchase
Common Stock
2005-05-17$0.80/sh+6,965,365$5,572,292→ 20,220,456 total(indirect: See footnote (3))
FRIDDELL GUY R III
Director
Transactions
- Purchase
Common Stock
2005-05-17$0.80/sh+6,965,365$5,572,292→ 20,220,456 total(indirect: See footnote (3))
Footnotes (3)
- [F1]On May 17, 2005, pursuant to a Stock Purchase Agreement among Landmark Communications, Inc. ("Landmark"), Steven M. Golden and certain of his family members and certain related persons (collectively, with Mr. Golden, the "Golden Group"), Landmark acquired beneficial ownership of 6,965,365 shares of Common Stock of the Issuer from the Golden Group (the "Golden Shares"). Landmark and the Golden Group are in the process of causing the transfer of record ownership to occur.
- [F2]Does not include (i) 10,889,636 shares of Common Stock of the Issuer held by Landmark Ventures VII, LLC ("Ventures"), which is an indirect wholly-owned subsidiary of Landmark, or (ii) 179,769,008 shares of Series B Convertible Preferred Stock of the Issuer held by Ventures.
- [F3]Landmark owns the shares of Common Stock reported herein. Messrs. Friddell, Quist, Fiveash and Alston (members of the Board of Directors of the Issuer) are each employees of Landmark and/or its affiliates and, as such, may each be deemed to have an indirect pecuniary interest (within Rule 16a-1 of the Exchange Act) in an indeterminate portion of the Common Stock owned by Landmark and reported herein. Each of Messrs. Friddell, Quist, Fiveash and Alston disclaims beneficial ownership of all such Common Stock except to the extent of his respective indirect pecuniary interest therein, if any.
Documents
Issuer
COOLSAVINGS INC
CIK 0001087875
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001087875
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 5:17 PM ET
- Size
- 11.0 KB