ABRY Senior Equity V, L.P. 4
4 · PowerFleet, Inc. · Filed Oct 2, 2020
Insider Transaction Report
Form 4
PowerFleet, Inc.PWFL
ABRY Senior Equity V, L.P.
10% Owner
Transactions
- Other
Series A Preferred Stock
2020-09-30$829703.46/sh+829.703$688,407,450→ 45,080.554 total→ Common Stock, par value $0.01 per share (113,363 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 (the "Common Stock") 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 829.703 shares of Series A Preferred Stock (or 113,363 shares of Common Stock on an as-covered basis) as a payment-in-kind dividend on 44,250.851 shares of Series A Preferred Stock (or 6,046,025 shares of Common Stock on an as-covered basis) owned on the dividend record date.