FIRST VIRTUAL HOLDINGS INC 4
4 · FIRST VIRTUAL HOLDINGS INC · Filed Jul 10, 1998
Insider Transaction Report
Form 4
Transactions
- Purchase
Common Stock (1)
1998-06-12$1.20/sh+625,000$750,000→ 19,510,524 total(indirect: (2)) - Conversion
Common Stock (3)
1998-06-25+5,958,316→ 19,510,524 total(indirect: (3)) - Sale
Common Stock (4)
1998-06-25$0.60/sh−833,333$500,000→ 19,510,524 total(indirect: (4)) - Conversion
Common Stock (5)
1998-06-25+2,560,541→ 19,510,524 total(indirect: (5))
Footnotes (3)
- [1]Pursuant to the Supplementary Purchase Agreement, dated as of June 12, 1998 (the "Supplementary Purchase Agreement"), by and among First Virtual Holdings Incorporated (the "Company"), SOFTBANK Holdings Inc. ("SOFTBANK Holdings") and SOFTBANK Technology Ventures IV L.P. ("SOFTBANK Technology"), consummated on June 25, 1998, SOFTBANK Holdings and SOFTBANK Technology each acquired 312,500 shares of common stock of the Company ("Common Stock") for a purchase price of $1.20 per share.
- [2]SOFTBANK Holdings, the sole owner of STV IV LLC, the general partner of SOFTBANK Technology, is deemed to be the beneficial owner of the shares of Common Stock acquired by SOFTBANK Technology pursuant to the Supplementary Purchase Agreement. Because SOFTBANK Holdings is wholly-owned by SOFTBANK Corporation ("SOFTBANK"), the direct and indirect owner of an approximate 50% interest of which is Masayoshi Son ("SON"), Son is deemed to be the beneficial owner of all of such shares of Common Stock acquired by SOFTBANK Holdings and SOFTBANK Technology under the Supplementary Purchase Agreement.
- [3]Pursuant to an Option Agreement, dated as of April 30, 1998, by and among SOFTBANK Holdings, SOFTBANK Technology and the persons and entities whose names appear on the