Diligent Corp 4
4 · Diligent Corp · Filed Jan 4, 2016
Insider Transaction Report
Form 4
Diligent CorpDIL.NZ
Carroll Kenneth
10% Owner
Transactions
- Gift
Series A Convertible Preferred Stock
2015-12-23−10,000,000→ 0 total(indirect: By LLC)→ Common Stock (10,000,000 underlying)
Footnotes (2)
- [F1]The shares of Series A Convertible Preferred Stock are convertible into common stock on a one-for-one basis without payment and have no expiration date.
- [F2]The shares were transferred by Carroll Capital Holdings, LLC ("Carroll Capital") to Greenwood Investments LLC ("Greenwood") for no consideration as a gift. Mr. Carroll is the manager of both Carroll Capital and Greenwood. Prior to the transfer Mr. Carroll had sole voting and dispositive power of the shares owned by Carroll Capital. Mr. Carroll has sole voting and dispositive power of the shares owned by Greenwood and as such he may be deemed to indirectly beneficially own the shares owned by Greenwood. Mr. Carroll disclaims beneficial ownership of all such shares except to the extent of any pecuniary interest therein. The sole member of Greenwood is the Greenwood 2015 Trust. The beneficiaries of the Greenwood 2015 Trust are Mr. Carroll and members of his family.