SAVVIS, Inc. 4
4 · SAVVIS, Inc. · Filed Jul 5, 2006
Insider Transaction Report
Form 4
SAVVIS, Inc.SVVS
Transactions
- Award
Common Stock
[F1][F2]2006-06-30+1,360,008→ 1,748,055 total - Disposition to Issuer
Series A Convertible Redeemable Preferred Stock
[F1][F2]2006-06-30−7,368→ 0 total→ Common Stock (1,360,008 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of an Exchange and Recapitalization Agreement that was entered into with the Issuer on May 10, 2006 and effective on June 30, 2006, the Reporting Person exchanged all of its Series A Convertible Redeemable Preferred Stock for 1,360,008 shares of Common Stock. Such exchange was a reclassification exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-7, as well as under Rules 16b-3(d) and (e), as a transaction between the Issuer and its officers or directors. The Series A Convertible Redeemable Preferred Stock accrued dividends at the rate of 11.5% per annum, accreted quarterly. The Series A Convertible Redeemable Preferred Stock was convertible at the holder's option into such number of shares of Common Stock as was equal to the accreted value of such shares together with accrued dividends divided by the conversion price of $0.75 per share.
- [F2]Reflects the one-for-fifteen reverse split of the Common Stock that was effective on June 6, 2006.
Signature
/s/Jonathan M. Rather, General Partner of WCAS VII Partners, L.P., General Partner of Welsh, Carson, Anderson & Stowe VII, L.P.|2006-07-05