J.R. Simplot Co 4
4 · SemiLEDs Corp · Filed May 28, 2020
Insider Transaction Report
Form 4
SemiLEDs CorpLEDS
J.R. Simplot Co
10% Owner
Transactions
- Conversion
Common Stock
2020-05-26$3.00/sh+100,000$300,000→ 1,089,934 total(indirect: See Footnote) - Conversion
Common Stock
2020-05-26$3.00/sh−100,000$300,000→ 400,000 total(indirect: See Footnote) - Conversion
Convertible Unsecured Promissory Note
2020-05-26$300000.00/sh→ 400,000 total(indirect: See Footnote)Exercise: $3.00From: 2019-11-25→ Common Stock (500,000 underlying)
Footnotes (4)
- [F1]On February 7, 2020, J.R. Simplot Company, the sole owner of Simplot Taiwan Inc., assigned a Convertible Unsecured Promissory Note initially issued to J.R. Simplot Company in the original principal amount of $1,500,000 (the "Note"), to Simplot Taiwan Inc. for no consideration. The Note is convertible into Common Stock at any time at a conversion price of $3.00 per share. On May 26, 2020, Simplot Taiwan Inc. converted $300,000 of the Note into 100,000 shares of Common Stock.
- [F2]Consists of shares of Common Stock owned of record by Simplot Taiwan Inc., an Idaho corporation. Simplot Taiwan Inc. is wholly owned by J.R. Simplot Company, a Nevada corporation. Accordingly, J.R. Simplot Company may be deemed to have shared voting and investment power over such shares.
- [F3]The Note has no expiration date.
- [F4]Consists of the number of shares into which the remaining principal balance of the Note is convertible following the conversion described above. The Note is convertible into Common Stock at any time at a conversion price of $3.00 per share. Accordingly, J.R. Simplot Company may be deemed to have voting and investment power over the shares into which such note is convertible.