4//SEC Filing
Simplot Scott R. 4
Accession 0000899243-20-014376
CIK 0001333822other
Filed
May 27, 8:00 PM ET
Accepted
May 28, 10:10 AM ET
Size
11.8 KB
Accession
0000899243-20-014376
Insider Transaction Report
Form 4
SemiLEDs CorpLEDS
Simplot Scott R.
Director10% 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)
Holdings
- 31,036(indirect: See Footnote)
Common Stock
Footnotes (5)
- [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. Mr. Simplot is the chairman of J.R. Simplot Company, and so may be deemed to have shared voting and investment power over such shares. Mr. Simplot disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F3]The Note has no expiration date.
- [F4]Consists of 31,036 shares of Common Stock owned of record by JRS Properties III LLLP, an Idaho limited liability limited partnership. The sole general partner of JRS Properties III LLLP is JRS Management, L.L.C., an Idaho limited liability company. Mr. Simplot and Stephen A. Beebe are the managers of JRS Management, L.L.C., and so Mr. Simplot may be deemed to have shared voting and investment power over such shares. Mr. Simplot disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F5]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. Mr. Simplot is the chairman of J.R. Simplot Company, and so may be deemed to have shared voting and investment power over the shares into which such Note is convertible. Mr. Simplot disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
Documents
Issuer
SemiLEDs Corp
CIK 0001333822
Entity typeother
Related Parties
1- filerCIK 0001506776
Filing Metadata
- Form type
- 4
- Filed
- May 27, 8:00 PM ET
- Accepted
- May 28, 10:10 AM ET
- Size
- 11.8 KB