4//SEC Filing
mccormack riley 4
Accession 0000899243-20-033926
CIK 0001438231other
Filed
Dec 14, 7:00 PM ET
Accepted
Dec 15, 7:03 PM ET
Size
12.2 KB
Accession
0000899243-20-033926
Insider Transaction Report
Form 4
Digimarc CORPDMRC
mccormack riley
DirectorChief Executive Officer10% Owner
Transactions
- Conversion
Common Stock
2020-12-11$14.37/sh+1,198,161$17,217,574→ 3,740,240 total(indirect: See Footnote) - Conversion
Series B Convertible Preferred Stock
2020-12-11−16,970→ 0 total(indirect: See Footnote)Exercise: $14.37→ Common Stock (1,198,161 underlying)
Holdings
- 6,546
Common Stock
TCM Strategic GP LLC
10% Owner
Transactions
- Conversion
Common Stock
2020-12-11$14.37/sh+1,198,161$17,217,574→ 3,740,240 total(indirect: See Footnote) - Conversion
Series B Convertible Preferred Stock
2020-12-11−16,970→ 0 total(indirect: See Footnote)Exercise: $14.37→ Common Stock (1,198,161 underlying)
Holdings
- 6,546
Common Stock
TCM Strategic Partners L.P.
10% Owner
Transactions
- Conversion
Common Stock
2020-12-11$14.37/sh+1,198,161$17,217,574→ 3,740,240 total(indirect: See Footnote) - Conversion
Series B Convertible Preferred Stock
2020-12-11−16,970→ 0 total(indirect: See Footnote)Exercise: $14.37→ Common Stock (1,198,161 underlying)
Holdings
- 6,546
Common Stock
Footnotes (2)
- [F1]These shares of Series B Convertible Preferred Stock plus accrued but unpaid dividends (the "Series B Shares") became convertible into shares of Common Stock when the holders of Common Stock (other than the Reporting Persons) approved the issuance of shares of Common Stock upon conversion of the Series B Shares, as required under the listing rules of the Nasdaq Stock Market (the "Shareholder Approval"). Following receipt of the Shareholder Approval and subject to satisfaction of stock exchange listing requirements, the Series B Shares were automatically converted into shares of Common Stock at a conversion price equal to $14.37 per share. The Series B Shares have no expiration date.
- [F2]The securities are directly owned by TCM Strategic Partners L.P. ("TCM Partners"). TCM Strategic GP LLC ("TCM GP") is the general partner of TCM Partners. Riley McCormack is the sole manager of TCM GP. Each of the Reporting Persons disclaims beneficial ownership of such securities except to the extent of its or his indirect pecuniary interest therein, and this report shall not be deemed an admission that any Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Documents
Issuer
Digimarc CORP
CIK 0001438231
Entity typeother
Related Parties
1- filerCIK 0001536534
Filing Metadata
- Form type
- 4
- Filed
- Dec 14, 7:00 PM ET
- Accepted
- Dec 15, 7:03 PM ET
- Size
- 12.2 KB