ABRY Senior Equity V, L.P. 4
4 · PowerFleet, Inc. · Filed Jul 1, 2020
Insider Transaction Report
Form 4
PowerFleet, Inc.PWFL
ABRY Senior Equity V, L.P.
10% Owner
Transactions
- Other
Series A Preferred Stock
2020-06-30$814432.84/sh+814.433$663,300,981→ 44,250.851 total→ Common Stock, par value $0.01 per share (111,277 underlying)
Footnotes (2)
- [F1]Each share of Series A Preferred Stock is convertible at any time, at the option of the holder, into a number of shares of common stock, par value $0.01 per share, of the Issuer determined by dividing the issue price of the Series A Preferred Stock ($1,000 per share) (the "Issue Price"), plus any accrued and unpaid dividends, by the Series A Conversion Price at the time of conversion. The initial Series A Conversion Price is equal to $7.319, and is subject to adjustment. The Series A Preferred Stock has no expiration date.
- [F2]The Reporting Person received 814.433 shares of Series A Preferred Stock (or 111,277 shares of Common Stock on an as-covered basis) as a payment-in-kind dividend on 43,436.418 shares of Series A Preferred Stock (or 5,934,748 shares of Common Stock on an as-covered basis) owned on the dividend record date.