4//SEC Filing
GUEZ HUBERT 4
Accession 0000844143-03-000057
CIK 0000844143other
Filed
Sep 21, 8:00 PM ET
Accepted
Sep 22, 7:19 PM ET
Size
12.0 KB
Accession
0000844143-03-000057
Insider Transaction Report
Form 4
INNOVO GROUP INCINNO
GUEZ HUBERT
10% Owner
Transactions
- Exercise of In-Money
Common Stock Warrants (right to buy)
2003-09-18$2.10/sh−707,928$1,486,649→ 0 total(indirect: See footnotes 1 and 3)Exercise: $2.10From: 2000-10-30Exp: 2003-10-30→ Common Stock (707,928 underlying) - Exercise of In-Money
Common Stock
2003-09-18$7.19/sh+707,928$5,090,002→ 2,595,465 total(indirect: See footnotes 1 and 3) - Sale
Common Stock
2003-09-18$7.19/sh−292,072$2,099,998→ 2,303,393 total(indirect: See footnotes 1 and 3)
COMMERCE INVESTMENT GROUP LLC
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2003-09-18$7.19/sh+707,928$5,090,002→ 2,595,465 total(indirect: See footnotes 1 and 3) - Sale
Common Stock
2003-09-18$7.19/sh−292,072$2,099,998→ 2,303,393 total(indirect: See footnotes 1 and 3) - Exercise of In-Money
Common Stock Warrants (right to buy)
2003-09-18$2.10/sh−707,928$1,486,649→ 0 total(indirect: See footnotes 1 and 3)Exercise: $2.10From: 2000-10-30Exp: 2003-10-30→ Common Stock (707,928 underlying)
Footnotes (3)
- [F1]On September 18, 2003, certain warrants to acquire shares of the Issuer's common stock, $0.10 par value per shares ("Shares"), held for the account of Commerce Investment Group, LLC, a limited liabilitiy company organized in California ("Commerce Investment Group"), were exercised. Pursuant to the terms of the warrant agreement, Commerce Investment Group elected to pay the exercise price of the warrants by having the Issuer withhold a number of Shares equal to the exercise price. Hubert Guez is the manager of Commerce Investment Group.
- [F2]Following the reported transaction, Mr. Guez may be deemed to be beneficial owner of 23,900 shares held for his personal account and the remainder of the shares are held for the account of Commerce Investment Group
- [F3]The filing of this statement shall not be deemed an admission that Mr. Guez is the beneficial owner of any securities not held directly for his account for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
Documents
Issuer
INNOVO GROUP INC
CIK 0000844143
Entity typeother
Related Parties
1- filerCIK 0001173229
Filing Metadata
- Form type
- 4
- Filed
- Sep 21, 8:00 PM ET
- Accepted
- Sep 22, 7:19 PM ET
- Size
- 12.0 KB